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Euro Bund And T-Note Seems To Be Sliding Down In The Following Years

Euro Bund And T-Note Seems To Be Sliding Down In The Following Years| FXMAG.COM
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US 10-years Treasury Yields have tested the short term falling trendline from the upper side and is trying to move higher but seems to struggle a bit around 2.90%. If Yields move above 55 SMA it is likely to get momentum for higher levels with resistance at 3.11

euro bund and t note seems to be sliding down in the following years grafika numer 1euro bund and t note seems to be sliding down in the following years grafika numer 1

The US 10-years Treasury Note is in a confirmed downtrend. 55 SMA is providing some support but no strong support before at 117 18/32.
To reverse the downtrend a close above 120 is needed.

euro bund and t note seems to be sliding down in the following years grafika numer 2euro bund and t note seems to be sliding down in the following years grafika numer 2
Source: Saxo Group

Euro Bund has broken bearish out of rising channel and is testing support at 153.50. Downtrend is confirmed and a close above 156.88 is needed to reserve that picture.
Some support at 152.43 and strong support at around 150-149.75

          euro bund and t note seems to be sliding down in the following years grafika numer 3euro bund and t note seems to be sliding down in the following years grafika numer 3

Source: Saxo Group

 

Source: Technical Update - 10-year Yields ticking higher. US 10-years T-Note future and Euro Bund in confirmed downtrends


Kim Cramer Larsson

Kim Cramer Larsson

Kim Cramer Larsson started his career in 1996 as an equities trader focusing on the US and Asian markets with BG Bank, London. In 1997, Kim relocated to BG Bank, Copenhagen (BG Bank was acquired by Danske Bank in 2000) to the position of equities trader and portfolio manager. 

Kim began using technical analysis as a trading tool from 1997. In 2005, Kim was promoted to the position of technical analyst in the FX & Fixed Income Research department at Danske Bank. In his current role, Larsson focuses on technical analysis of equities, equity indexes, forex pairs, and more for Saxo Bank. Larsson’s views and analyses can be found on Saxo’s News & Research hub as well as at Saxo’s Academy where he hosts webinars focusing on chart analysis.


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