The BUND confirmed on Friday a weak closing well below the low of the previous day when the BUND already formed a negative day reversal. A further weak closing tonight below 136,l92 will confirm a s/t top supporting lower levels!!
The indicators of the daily chart are now negative and also those of the s/t ones are below the line supporting further weakness. We start also seeing bullish divergences in the hourly chart suggesting further downside risk.
Possible therefore a direct extension of the decline toward the 200 hours line at 1,3662.
We suggest waiting for this extension to close the shorts. We moved the stop to 138,18!!
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http://www.easyforexnews.net/wp-content/uploads/2011/11/BUND-11.14.pdf
FUTURE TREND RESEARCH