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Forex Forecast: The FX market range-play, EUR/USD bullish and USD/JPY bearish outlook

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s Forex Forecast, we share the price outlook for EUR/USD, USD/JPY, USD/CAD and WTI crude oil, with Steven Woodcock, Senior FX Analyst at Plutus FX. EUR/USD: Buy dips towards 1.13 Looking at the hourly charts, Woodcock notes that we did move to the 1.15 area, but better economic data out of UK caused EUR/GBP to turn lower and limiting the upside for EUR/USD. He suggests buying any dip towards the 1.13 area, with the cross still in a consolidatory phase. Low and mid 1.13’s is where the

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