29 Jul 2013
Flash: EUR/USD still an attractive long-term play – Investica
FXstreet.com (New York) - The Risk/reward will be a key theme this week given uncertainty surrounding vital data releases and central bank meetings, suggests the Research Team at Investica LTD.
Key quotes
“Selling the EUR/USD is tempting and still looks a very attractive long-term play. There is, however, still an important risk that the squeeze on short Euro positions has further to run.”
“Overall, there look to be greater reward in selling EUR/AUD on technical, positioning and fundamental grounds with a realistic move to below 1.40.”
Key quotes
“Selling the EUR/USD is tempting and still looks a very attractive long-term play. There is, however, still an important risk that the squeeze on short Euro positions has further to run.”
“Overall, there look to be greater reward in selling EUR/AUD on technical, positioning and fundamental grounds with a realistic move to below 1.40.”