- Bailout of Greece = Euro core assuming risk of peripheral countries = Long term bearish for Bunds.
- Thus, look at EU10YY chart through "bailout-tinted" glasses (ie view it with a pre-conceived upwards bias).
- Assuming EU10YY is up, stop loss on monthly chart should be close below the triangle line at 3.06%.
- Going forward, will be looking for trade location to establish short Bunds against this stop.
- This fits in nicely with bearish view of TY.
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