The BUND confirmed another session of consolidation interior the inside day with 138,13 – 136,05 still the levels to follow in the coming hours!! Only a daily closing below 136,05 will confirm lower levels.
The indicators of the daily chart are still below the line as well as those of the 4h one. The indicators of the hourly chart turned instead positive supporting the rebound.
Only an hourly closing above 137,70 will confirm higher levels suggesting a possible 138 overshooting where we expect good resistance, especially close to the resistance line at 138,24. In fact the hourly chart is already showing potential negative reversals.
We stay short with the stop at 137,72; if done we are going to sell again a possible 138,15 overshooting!!
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