Steven Woodcock – Senior FX analyst for Plutus FX – joined Nick Batsford in the Tip TV studio to discuss his outlook on the FX markets, and what’s driving their movements.
EUR/USD – still looking to test the 117.5-118 levels, it’s currently being driven by EUR/GBP. The euro is unlikely to fall unless it can break below 109. Technicals are proving key and suggest a firmer market.
Read the rest of the article Buy EUR/USD on dips, GBP/USD still looking heavy, USD/CAD could pull back