Bund has made a bullish exit and sees major support at 159.26 (Fibonacci retracement, horizontal overlap support). A strong rise could occur from here pushing price up to 160.65 resistance (Fibonacci retracement, horizontal pullback resistance).
RSI (34) has made a bullish exit signaling that there’s a change in momentum from bearish to bullish.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (34) has made a bullish exit signaling that there’s a change in momentum from bearish to bullish.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results