VETY - Gov Eurzona Bonds - Looking for long Dear traders,
it is time for looking long opportunities in Gov. Bonds. Theoretically, expectations for interest rate decrease push bonds price up as the price of a bond behaves inversely to interest rates.
Regarding technicals, the desceding wedge is already broken (reversal pattern) which is is a good signal and it is aligned with the interest rates decrease upcoming.
If expectations for intereset decrease rise ( + dovish sentiment), we will see soon this security around 24.
It is good count on Fixed Income in your portfolio, it helps to reduce risk and rise up your diversification.
best trading
