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10 Nov 2014
Bund – market rebounding off support at 150.75 - Commerzbank
FXStreet (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank sees the support at 150.64/75 guarding the uptrend providing scope for a retest of the 15.249/66 high.
Key Quotes
“Initial resistance lies at 151.45 and this is exposed, above here the market is well placed to head higher to 151.97/152.00 the 78.6% retracement. Major resistance remains the 20 year channel and recent high at 152.49/66 and scope remains for this to be retested. If this is tested we again look for this to cap the topside.”
Key Quotes
“Initial resistance lies at 151.45 and this is exposed, above here the market is well placed to head higher to 151.97/152.00 the 78.6% retracement. Major resistance remains the 20 year channel and recent high at 152.49/66 and scope remains for this to be retested. If this is tested we again look for this to cap the topside.”