TD Securities' Macro Research Insight recommends going long EUR/USD through a three-month zero-cost risk reversal, buying a 1.1610-strike call and selling a 1.11-strike put. The trade structure pairs the purchased call with the sold put so that the premium taken in on the short leg offsets the cost of the long leg, leaving no net upfront outlay. The firm frames the setup as a long position in the euro against the dollar, with the 1.1610 call defining the upside exposure and the 1.11 put marking the level at which the strategy would be tested. No target horizon beyond the three-month tenor was specified.
Toronto Dominion BankTD Securities recommends going long EUR/USD via a three-month risk reversal, signaling euro strength against the dollar.
