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Forex Outlook: EUR heading higher versus the USD and GBP

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s Forex Outlook, we discuss the outlook for EUR/USD, GBP/USD and EUR/GBP, with Eddie Tofpik, Head of FX at ADM Investor Services. On the Fed rate hike expectations, Tofpik comments now the markets expect a 50%+ chance of a mid-2016 hike, but cautions that the Fed will do what they want to do to prove most number of people wrong. EUR/USD: Heading higher Taking a look at the technical charts for the single currency, Tofpik notes that the congestion area around 1.12-1.1250 gave the

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