July 05, 2024 12:44 GMT
A 61 ticks swing post US Data
BUNDS
- A big 61 ticks swing for for the German Bund, initially fell all the way down to 130.44 on the NFP headline beat, but the lower revision, combined with the fall in the private payroll reading and the 1 tenth higher in the unemployment, pushed Bund all the way up 131.05, to achieve its 61 ticks range so far today.
- Despite the swing and the fast two way price action, support is untested and remains at the 130.25/130.13 area.
- Main resistance is still at the big 131.15/131.52 gap.
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