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Testing A Key Retracement Level

BUND TECHS

Bund futures (H1) are off earlier lows and have again tested a key intraday resistance at 177.59.

  • This is the 61.8% retracement of the Jan 4 - 12. A break would signal scope for a stronger recovery and open 177.89, the 76.4% level.
  • Alternatively, a failure at this retracement and a turn lower would instead refocus attention on Tuesday's 176.34 low.

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