Type: Bullish ContinuationKey Levels:Resistance: 163'18Pivot: 159'16Support: 157'24Preferred Case:With price moving above the Ichimoku cloud, we have a bias that price will rise from our pivot of 127'25 in line with the 38.2% Fibonacci retracement to our 1st resistance of 129'00 which is also the graphical swing high resistance. Alternative Scenario:Price may dip to the support level of 127'00 in line with 61.8% Fibonacci projection level.Fundamentals:With the uncertainty of the RUSSO-UKRAINE conflict and the implications on the US economy due to increase increase sanctions. Bond prices will continue to increase as increase frequency of rate hikes seems more unlikely. As fundamentals and technicals align, ZB1! might be a good opportunity to look into.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/zb1-10-year-t-bonds-h4-bullish-continuation8"
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