EURBUND.F — Distribution Ongoing? Downside Expansion Toward 130–126 Zone

EURBUND.F

Hypothesis:
Price is currently transitioning into a distribution phase following the impulsive downside move. The most probable scenario is a range development between 131.35 and 126.62 over the coming weeks, allowing the market to absorb liquidity and rebalance positioning.

From a Wyckoff perspective, this consolidation may serve as preparation for either:

• A markdown continuation, or
• A false downside breakout designed to trigger sell-side liquidity, enabling strong hands to accumulate at more favorable prices.

Volume behavior within the range will be critical. A downside sweep with declining momentum and absorption would suggest professional buying interest entering below the range. The key question remains: how deep price needs to move before meaningful demand steps in.

Until a clear sign of strength or climactic selling is observed, the bias remains neutral-to-bearish, with patience required for confirmation.