Market Update: EU 10-Year Yield Under Pressure The 10-year yield has faced mounting pressure over the past month, and we’re now approaching critical support levels—notably, 2.00/2.01, the recent low.
🔍 Key Insights:
• The RSI has dipped to 16, suggesting that this zone may hold on the initial test.
• However, the broader pattern since 2023 is starting to resemble a potential topping formation.
⚠️ What to Watch For:
A weekly close below 2.00 could expose the market to significant downside risks:
➡️ Targets include:
• The 2024 low at 1.89
• The December 2022 low at 1.75
• Longer-term potential to slide toward the 200-week moving average, currently around 1.46
As the bond market approaches these pivotal levels, it’s critical for investors to stay vigilant and prepared for potential shifts in the macro landscape.
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