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Time to Buy the Euro: Strategist

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Euro bears may be on the prowl, but this strategist sees a tactical buying opportunity.

Just in case Santa didn't bring you everything you wanted, Willie Williams, director of institutional derivative sales at Societe Generale, thinks the euro is on track to make buyers happy.

"At this time of year, it's important to be looking at tactical trades," he says. And with the European Central Bank having provided close to 500 euros of financing to European banks, and another money tender on tap for early 2012, "that removes a lot of the short-term disorderly risk" in Europe.

Apart from the financing aid, plenty of the bad news for the euro is already out there, Williams told CNBC's Scott Wapner.

And while it's possible that a recession in Europecould hurt the single currency, investor positioning should help. "On a short-term basis, given how short the market is euros, I think a rally from 1.30 to 1.33 is perfectly reasonable, in particular as we go into the end of the year," he says.

Williams wants to buy the euro at 1.30 with a stop at 1.29 and a target of 1.33.

You can watch the discussion on the videotape.

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