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Bund back on support, potential for a bounce!

Por Tickmill
Corretora
Bund is back on major support at 159.26 (Fibonacci retracement, horizontal overlap support) and a potential bounce could occur at this level to push price up to at least 160.65 resistance (Fibonacci retracement, horizontal pullback resistance).

RSI (34) is also making a nice pullback to previous resistance-turned-support line.

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Losses can exceed the initial investment so please ensure you fully understand the risks.
BUNDbundfuturebundlongbundsbunds10ybundshortbundsshortChart PatternsHarmonic PatternsTrend Analysis
Tickmill
Corretora
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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