From CACB
EUR/USD slumped today as it was caught up in a broad wave of US dollar buying.
They think that Italian worries are overdone and this is an opportunity to buy the euro.
"We recommend buying EUR/USD at 1.1575 with a stop-loss of 1.1325 and at a target at 1.1950. As such, we add to EUR long exposure. We also remain long EUR/CHF from 1.1295 too," they wrote in a note earlier.
There's good news if you like this idea, it's 100 pips off with EUR/USD now trading at 1.1475.
Yesterday, I wrote about a different idea that was trading at a discount, see how it's worked out.