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Technical analysis for the German Government bond 10-year yield, on the weekly and the monthly chart, the 10-year German bond yield broke above the 2020 and May 2021 highs, starting a bullish wave. The first target of this bullish wave is the 0.618 FIB retracement on the monthly chart at 0.160%. The second target is the 100% FIB extension on the weekly chart at 0.310%. The third target for the 10-year German bond yield is the 1.272 FIB extension on the weekly chart at 0.535%. And the fourth target of this bullish wave is the 1.618 FIB extension at 0.825%.
The supports levels, which one must watch for the 10-year German bond yield, are the low on the weekly chart at -0.409% and the support at -0.525%.
Weekly chart:
Monthly chart:
