Bunds testing range resistance, upside breakout opens 158.08/52 – RBS

FXStreet (Barcelona) - Analysts at RBS, believe that an upside break from the current 156.00-157.00 range might lead bunds upwards towards the 158.08/52 area.

Key Quotes

“The market has remained in the range of 156.00 – 157.00 and started to pressure range resistance, which if successful, will outcome in another upswing targeting the 158.08/52 area. Caveat would be a break below 156.00, which would see an immediate support at 155.54 and 155.00. Overall, after a consolidation within 156.00 – 157.00, looking for an upside breakout to 158.09/52.”