The BUND formed a small positive day reversal but only a daily closing above 134,52 will confirm a s/t bottom supporting a larger rebound.
The indicators of the daily chart are still well negative as well as those of the 4h one. Only the indicators of the hourly chart already returned above the line supporting a correction. The price action is suggesting that we could see a return even toward the 136 area before resuming the decline for a firm test of the key level at 132,89!!
An hourly closing above 134,43 will extend the move up suggesting a 135 overshooting!!
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