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The tech outlook for BTPs has become more......>

EGBS
EGBS: The tech outlook for BTPs has become more bullish on the back of the
EUR500bln EU coronavirus recovery fund news, as we've gone through a key upside
level for Jun20 BTP futures that our tech analyst identifies as a "bull
trigger": 139.54/139.77 (50-day EMA / Apr 30 high). If the contract can hold on
here, 140.64 the next upside resistance.
- Conversely, Jun20 Bunds now 123 ticks off the high, down 87 ticks on the day
at 172.87. Next support comes up at 172.80 (May 12), beyond that, 171.29 marks a
potential bear trigger level.

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