16 Feb 2015
Bunds remain a buy-on-dips for the 0.22% target – RBS
FXStreet (Barcelona) - Dmytro Bondar, Technical Analyst at RBS, maintains his view for bunds targeting 0.22%, quoting the current weakness as a “dip-buying” opportunity.
Key Quotes
“The market remained in a range after gaining support at the 158.20 level. I hold the same view, looking for a push towards 160.00 and potentially higher.”
“Yield chart suggests the current levels are quite close to a strong resistance area of 0.42/0.44%, which I believe will hold and limit any dips, as the market remains poised for testing 0.22%.”
“For the week ahead, I think the market will initially see some weakness: keeping testing the 5-week moving average and possibly even have a dip to the 0.42/0.44% support area. The latter is expected to hold and offer dip-buying levels for the 0.22% techncial target.”
“Only a sustained break above 0.44% would cancel the view.”
Key Quotes
“The market remained in a range after gaining support at the 158.20 level. I hold the same view, looking for a push towards 160.00 and potentially higher.”
“Yield chart suggests the current levels are quite close to a strong resistance area of 0.42/0.44%, which I believe will hold and limit any dips, as the market remains poised for testing 0.22%.”
“For the week ahead, I think the market will initially see some weakness: keeping testing the 5-week moving average and possibly even have a dip to the 0.42/0.44% support area. The latter is expected to hold and offer dip-buying levels for the 0.22% techncial target.”
“Only a sustained break above 0.44% would cancel the view.”