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Technical analysis for the 10 Year Yield France Government Bond, the yield broke above the 2020 and 2021 high, accelerating the bullish movement of the weekly bullish wave. The first target for this bullish wave is the 1.272 FIB extension on the weekly chart at 0.735%. The second target is the 1.618 FIB extension at 0.985%-1.00%. The third target for this bullish wave on the weekly chart is the resistance zone around 1.15%. The fourth target is the 2.272 FIB extension at 1.450%.
The zone between 0.260%-0.295% is the first support for the 10 Year Yield France Government Bond, that may offer a buying opportunity. The second support to watch is the zone around 0.100%, where we also have the weekly 50 EMA.
Weekly chart:
Monthly chart:
