The BUND confirmed yesterday a 139 overshooting but found good resistance below our selling level. A daily closing tonight below 138,23 will support further weakness.
The indicators of the daily chart are still positive but those of the s/t ones turned all below the line supporting further consolidation/ correction.
We have still a potential S_H_S formation with the neck line at 137,10!!
Today’s session started with a sell off and we expect in the s/t further weakness especially in case of an hourly closing below 138,23.
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http://www.easyforexnews.net/wp-content/uploads/2011/11/BUND-11.16.pdf
FUTURE TREND RESEARCH