The BUND confirmed still a negative closing but it failed to directly confirm the negative day reversal it formed on Tuesday!
The indicators of the daily chart are still positive but those of the s/t ones remain still below the line supporting further consolidation/ correction. In the s/t only an hourly closing below 137,90 will support lower levels suggesting a possible drop toward the 200 hours line at 137,38.
In the s/t charts we have still a potential S_H_S formation with the neck line now at 137,25.
We wait for further confirmations.
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FUTURE TREND RESEARCH