Downside pressure on Treasuries possible in the near-term - RBS

FXStreet (Łódź) - Dmytro Bondar, Technical Analyst at RBS observes that following the break below 126-25, US Treasuries could experience further downside pressure in the nearest future.

Key quotes

"There is also a strong support at 126-00 and 125-21 (50-day MA), which seems likely to limit dips for now."

"Hence we favour taking profits on outright TY shorts, but to keeping short US into Europe trade."