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15 Jan 2015
Range breakout opens 158.09 and 158.52, as support moves to 157.00 – RBS
FXStreet (Barcelona) - Analysts at RBS anticipate bunds to move higher and target the 158.08/52 area, as it broke above the range resistance at 157.
Key Quotes
“The market has broken its range resistance of 157.00 opening prospects for another upswing with the main targets around the 158.08/52 area. There is also a minor resistance at 157.47, from where there may be a temporary pull-back, which should find support at 157.00 and 156.78.”
Key Quotes
“The market has broken its range resistance of 157.00 opening prospects for another upswing with the main targets around the 158.08/52 area. There is also a minor resistance at 157.47, from where there may be a temporary pull-back, which should find support at 157.00 and 156.78.”