The Euro-Bund Futures weekly chart shows a market in transition. Price action is subdued with small bars and slow momentum, indicating a lack of strong conviction in either direction. Short-term (WSFG) and intermediate-term (MSFG) session fib grid trends are both up, with price holding above their respective NTZ/F0% levels, suggesting some recent upward pressure. However, the long-term (YSFG) trend remains down, with price below the yearly NTZ/F0% and a negative YSFG reading, reflecting persistent bearishness on the broader timeframe. Swing pivot analysis reveals a short-term downtrend (DTrend) but an intermediate-term uptrend (UTrend), highlighting a possible countertrend move or a developing base. The most recent pivot low is at 128.01, with the next resistance pivot high at 130.93. Key resistance levels cluster around 130.93 and 135.79, while support is found at 127.62 and 125.33. All major weekly moving averages (5, 10, 20, 55, 100, 200) are trending down, reinforcing the dominant long-term bearish structure. Recent trade signals are short, aligning with the prevailing long-term downtrend despite the short-term and intermediate-term upward fib grid bias. Overall, the market is caught between short/intermediate-term bullish attempts and a strong long-term bearish backdrop. The current environment suggests a consolidation phase or a potential basing process, with price action likely to remain choppy until a decisive breakout above resistance or breakdown below support occurs. Swing traders should note the mixed signals across timeframes, with the potential for both countertrend rallies and trend continuation moves as the market digests recent price action.