Meanwhile in Italy... (BTP/Bund)

Weekly:
Not much change, bullish consolidation right below key resistance zone of 1,35-1,40

Daily:
- Bullish Kumo breakout? Forward Ichimoku structure (both spot and forward components) has bullish bias. Note that both Kijun Sen and 100wma point up!
- Minor pull back seems to be over. Couldn't even reach 127-130 bps support. It looks like Mr. Market doesn't believe in a dovish ECB now.
Heikin-Ashi gives buy signal (DMO needs to confirm)
- MACD signal: consolidation
- EWO is bullish, histogram ticks higher

Please read my previous post too about Bono/Bund spread