AdrianRaymondFX
Long

Update on my Bund strategy : watch 152 closely

EUREX:GG1!   Euro Bund
111 0 2
Two weeks ago, I presented a bullish case for the German Bund             (http://www.cfdtrading.com/german-bund-trade-at-multi-year-trend-line-1221/). Prices have since bounced on a long-term trend line at 148.50 are are currently testing a resistance at the 152 level. If this resistance (daily Kijun) breaks, this could be a new bullish signal. Depending on how the euro             and European equities trade, my targets will be at 153 and 154.40 for July if prices do indeed break above 152. Theoretically, a strong rally this summer could pave the way for the Bund             to rise back up to 156 during the third quarter. Please note that if the Bund             reverses below 152, we still will have the long-term trend line to watch in July. If such a setback occurs, I'll be looking for a new bullish reversal at around 149 in order to better anticipate a strong move to the upside with a double bottom this summer.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out