Technical market observations - RBS

By FXstreet.com | June 06, 2014 AAA

FXStreet (Guatemala) - Strategists at RBS offered a snap shot of technical observations across the markets.



Key Quotes:



"Bunds stuck between retracements, a 144.00 – 146.00 range likely for the next week".



"Treasuries reached the downside targets, but bounced from 50-DMA; more downside expected after correction".



"Gilts reached the 109.24 level; after a bullish correction, further move South expected".



"S&P-500 might have a correction from the 1,949 resistance, but remains bullish overall targeting 2,030".



"Italian 10-yr yield broke a key resistance level, making the market bullish towards 2.41% and potentially below".



"EUR/USD FX seems to have formed a long-term base after bouncing from 1.35 amid H&S pattern".



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