28 Jun 2013
Flash: 10-year US treasuries form bullish engulfing– RBS
FXstreet.com (New York) - According to Technical Strategist Dmytro Bondar at RBS, “As a rule of confirmation, 10-yr Treasuries have formed a bullish engulfing and Euribors see a morning star.”
For Treasuries, the 127-04 and 127-18 retracements and the whole gap area of 127-18+/29 would be definitive. Jun’15 Euribor has formed a morning Doji star reversal pattern, suggesting 99.29 to be tested (and determine further direction: above that 99.40 would be key resistance; support seen at 99.09).” Bondar adds.
For Treasuries, the 127-04 and 127-18 retracements and the whole gap area of 127-18+/29 would be definitive. Jun’15 Euribor has formed a morning Doji star reversal pattern, suggesting 99.29 to be tested (and determine further direction: above that 99.40 would be key resistance; support seen at 99.09).” Bondar adds.