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Forex Forecast: No Fed action will see EUR/USD to 1.1750, USD/JPY: short-term 118.50 on...

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today's forex forecast, we look at the technical setup for EUR/USD, GBP/USD, USD/JPY and EUR/GBP, with Steven Woodcock, Senior FX Analyst at Plutus FX. EUR/USD: 1.1750 of Fed fails to act Woodcock believes that the ECB led bounce in the EUR has nothing to do with the long-term outlook for the pair. Woodcock doesn't expect the Fed to hike rates in December, and sees potential for 1.1750 in the cross if Yellen fails to act in the December meeting. He further expects the market ahead to be

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