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Forex forecast: Bullish on EUR/GBP, Cable consolidating, EUR/USD a cautious sell around...

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s Forex Forecast, we discuss the technical outlook for EUR/GBP, EUR/USD and GBP/USD, with Steven Woodcock, Senior FX Analyst at Plutus FX. EUR/GBP: Heading Higher Woodcock notes how the EUR/GBP broke above the flag formation and is looking to head further higher. He mentions how the CFTC data goes well with the bullish view for the cross and believes 0.78 might be a possible upside target. Sell cable when it looks strong With GBP/USD trading quite well, Woodcock believes that we are

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