Flash: Bunds encounter bullish gap after H&S target reached – RBS

FXstreet.com (Barcelona) - According to Technical Strategist Dmytro Bondar at RBS, “The 143.54 head and shoulders target has been reached – as such, the market opened today with a bullish gap.”

An opening below the prior low in a downtrend is actually a bullish reversal signal. In addition, there are also strong support levels at 143.28/20 and 143.00. “Therefore, favor buying at 143.30/40 to 144.68 onto 145.11 stopping through 143.00.” Bondar adds.