EUR/USD has had some wild rides and seems to emerge as winner, or at least make a significant rise from the abyss it fell to. Is it set to resume its falls or has it a potential for more rises. Here is the view from BTMU: Here is their view, courtesy of eFXnews: The following is EUR/USD range and outlook for next week as provided by Bank of Tokyo-Mitsubishi UFJ (BTMU). EUR/USD – BULLISH BIAS – (1.2550-1.2950) Based on our short-term models that have as key components movements in short-term yield spreads, the dollar is looking a little stretched versus the euro and is perhaps why we had the large-scale liquidation of long dollar positions versus the euro yesterday. So in that sense, we are inclined to stick with our bullish view for EUR/USD for another week. Additionally, in an acknowledgement to the notable upturn in volatility over the last few days, we have also widened the range for the week ahead from 3 big figures to four. That may still prove too narrow given our sense that the current price action may be a signal of an even larger move just around the corner. If there was a major move, it is more likely to be renewed dollar strength and EUR/USD breaking lower as asset markets sell off further and risk aversion becomes more pronounced. There may also be nervousness in the financial markets in Europe next week ahead of the ECB stress test results of the banks on 26th October. We advise readers to keep a close eye also on the periphery sovereign debt markets. The liquidation of momentum trades, evident yesterday, could spread to the biggest and longest momentum trade of them all – the buying of periphery sovereign debt after the OMT announcement in 2012. A squeeze of that position could really damage sentiment, although given our bias, we are not assuming that becomes an issue in the week ahead. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next EUR/USD, GBP/USD, USD/JPY Technical Analysis, Pivot Points October 17 John Benjamin 8 years EUR/USD has had some wild rides and seems to emerge as winner, or at least make a significant rise from the abyss it fell to. Is it set to resume its falls or has it a potential for more rises. Here is the view from BTMU: Here is their view, courtesy of eFXnews: The following is EUR/USD range and outlook for next week as provided by Bank of Tokyo-Mitsubishi UFJ (BTMU). EUR/USD - BULLISH BIAS - (1.2550-1.2950) Based on our short-term models that have as key components movements in short-term yield spreads, the dollar is looking a little stretched versus… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.