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Bund and EUR

CROSS ASSET

Bund stays heavy in early trading

  • EURUSD is at new high, a combination of the broad base USD selling on the risk on tone, and lower Bunds
  • German 5/30s trades flat and still short of initial resistance (steepest) at 97.428.
  • MNI tech Bund support is at 168.59
  • EURUSD now targets 1.2218 1.0% 10-dma envelope

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