There seems to be some major moves gathering pace in the EUR crosses as macro players take back long-term short positions. Based purely on this, I cannot disagree with the strategy of buying EUR crosses but I think the more obvious buy is EUR/CHF. Buying breaks in EUR/JPY can be a hazardous occupation and EUR/GBP isn’t exactly at super-cheap levels.

Nevertheless, every man to his own; Cititechs have gone long EUR/JPY at 115.50 with a stop-loss at 111.75 (strange place to put a stop, just above the 100 and 200-day MAs) and they have gone long EUR/GBP through an options strategy, buying .8700 calls.