Forex Flash: Bunds in focus after upside target reached – RBS

FXstreet.com (Barcelona) - Bunds reached the first target of 146.42, but fell below the next target of 147.00 and formed a dark cloud cover candlestick patter, which changes the view to a neutral for now.

According to Dmytro Bondar, Technical Strategist at RBS, “Oscillators are quite mixed, as a standard RSI shows a negative divergence with net price action, while slow stochastic remains neutral-to- positive. The 20-day moving average is still providing a major support, which is unlikely to be taken out easily – overall it changes the view to neutral”