DailyFX Analysts Snapping Up Some Euros?

Published July 8th, 2008 - 05:16 GMT
Al Bawaba
Al Bawaba
  • EUR:  Looking to Go Long?
  • GBP:  Mixed Views on the British Pound

Four out of seven DailyFX Analysts are looking to go long Euros against something.  Longer term traders Saettele and Sousa prefer the EUR/USD outright and expect a break of 1.60. Shorter term traders Kicklighter and Spivak like buying EUR/JPY and EUR/GBP respectively. 

Rodriguez also likes long EUR/JPY but thinks the risk is too high so he's going for GBP/JPY.  Ultra short term traders Lien and Schlossberg like short GBP/USD and short EUR/GBP respectively for some quick moves. 

The British pound is in play this week with the trade balance numbers and the BoE rate decision due over the next 48 hours.