Forex Flash: Bund weakness on the horizon – RBS

FXstreet.com (Barcelona) - According to Technical Strategist Dmytro Bondar at RBS, “I was over-optimistic about the market, which failed to recover above the 20-day MA and broke below the 146.00 support, suggesting there would be more weakness in the short term.”

“Thus a pick-up in price to 145.80 is likely to be sold to 145.11 onto 144.70. A sustained recovery above 146.00 brings back some bullishness.” Bondar adds.