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Forex Forecast: USD/CAD sees another uptrend ahead? EUR/USD likely to hold up to dovish ECB

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s Forex Forecast, we offer the outlook for EUR/USD, USD/JPY, USD/CAD and Gold price, with Steven Woodcock, Senior FX Analyst at Plutus FX. EUR/USD: Range play Woodcock notes that people are still digesting yesterday’s ECB action, but the EUR will likely hold 1.11 level owing to some Chinese interest around the same levels. The EUR trade would be a tough one today, as it remains a data light day ahead, and with the traders remaining confused. While most think that the EUR is heading

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