Type: Bearish DipKey Levels:Resistance: 157'08Pivot: 156'19Support: 154'13Preferred Case:Price is near pivot level which is also a key graphical overlap resistance. Price can potentially dip to the support level of 154'13 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci projection . Our bearish bias is supported by the stochastic level as it is at resistance level .Alternative Scenario:Price can break this key graphical overlap level and go to the 1st resistance level of 157'08 in line with 50% Fibonacci retracement .Fundamentals:With RUSSO-UKRAINE conflict escalating , Treasury prices may increase as investors look into safe haven assets. As fundamentals and technicals do not align, there is a risk on factor when looking in to ZB1! .
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/10-year-t-note-futures-zb1-h4-potential-for-bearish-dip"
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