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Extends towards Pre FOMC levels

BUNDS
  • Bund is clearing that initial support noted at 135.81, next stop would see the 135.61 area, not a tech level, but where the contract was trading pre last FOMC.
  • In terms of pure technical, 134.67 is the 2.0% 10-dma Envelope.
  • In Yield terms, 2.20% would equate to 135.29 today, which will be the next support area, if the contract breaks through that 135.61 area.

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