Chart of the Day – German Bund – (September 19th, 2023)

<div><p><div><h2 itemprop="headline">German Bunds break down!</h2><div><div></div></div></div><br />
<section itemscope="itemscope" itemtype="https://schema.org/BlogPosting" itemprop="blogPost"><div itemprop="text"><p>The German Bund has finally broken support in the bearish channel and targets the 127% extension of the March 2023 impulsive move higher. Following the ECB last week, and ahead of the FOMC this week, we have yields rallying in the USA with the 10yr note falling alongside the bunds as traders are nervous ahead of the decision. RSI in the Bunds are pointing lower confirming the bearishness.</p>
<p><img decoding="async" fetchpriority="high" class="alignnone size-full wp-image-10774" src="https://www.forexanalytix.com/blog/wp-content/uploads/2023/09/DE10YBEUR_2023-09-19_13-06-58.png" alt="" width="1502" height="839" srcset="https://www.forexanalytix.com/blog/wp-content/uploads/2023/09/DE10YBEUR_2023-09-19_13-06-58.png 1502w, https://www.forexanalytix.com/blog/wp-content/uploads/2023/09/DE10YBEUR_2023-09-19_13-06-58-400×223.png 400w, https://www.forexanalytix.com/blog/wp-content/uploads/2023/09/DE10YBEUR_2023-09-19_13-06-58-800×447.png 800w, https://www.forexanalytix.com/blog/wp-content/uploads/2023/09/DE10YBEUR_2023-09-19_13-06-58-768×429.png 768w, https://www.forexanalytix.com/blog/wp-content/uploads/2023/09/DE10YBEUR_2023-09-19_13-06-58-1500×838.png 1500w, https://www.forexanalytix.com/blog/wp-content/uploads/2023/09/DE10YBEUR_2023-09-19_13-06-58-705×394.png 705w, https://www.forexanalytix.com/blog/wp-content/uploads/2023/09/DE10YBEUR_2023-09-19_13-06-58-450×251.png 450w" sizes="(max-width: 1502px) 100vw, 1502px" /></p>
<p>Blake Morrow</p>
<p>Our <a href="https://www.forexanalytix.com/blog/category/technical-analysis/chart-of-the-day/">“Chart of the Day”</a> feature highlights standout technical analysis patterns and price moves. This type of analysis could be helpful if you are interested in our Trader Funding Program where you can also join an elite group of traders at Forex Analytix, <a href="https://traderfundingprogram.com/?ref=blake">click here to learn more</a>. Trade our money, take 75% of the gains and none of the risk.</p>
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</div></section></p></div><section itemscope="itemscope" itemtype="https://schema.org/BlogPosting" itemprop="blogPost"><div itemprop="text"><p>Steve Voulgaridis</p>
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