A busy week for data - key levels to watch on the US 10Y yield

TVC:US10Y   US Government Bonds 10 YR Yield
We have a busy week this week as we have lots of data on big economies that should provide insights on inflation and activity – namely the US consumer confidence, PCE price index, PMIs, European CPI, German consumer confidence and Chinese PMI.
The US 10Y yield has been correcting lower over the past few weeks but we suspect it has based just ahead of the key support offered by the 4.36/4.34 region (Fibo + previous peak). Not only is it holding here but the RSI is breaking higher also showing evidence of a base implying that the correction lower is likely to be over and that the market should recover off this key support area.
N.B. I like to watch the RSI in conjunction with retracements to give me indications of where the correction is likely to halt.


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