With US Dollar ‘Rebound’ Waning, EUR/USD and GBP/USD Could Bounce | Forex Factory

  • With US Dollar ‘Rebound’ Waning, EUR/USD and GBP/USD Could Bounce

    From cityindex.com

    On Monday, I outlined my bias for the US Dollar Index to rebound against last week’s sell-off, which I expected would pressure EUR/USD and GBP/USD lower in the near term. I also noted that any retracements in the euro and British pound could be limited before both currencies resume their upward trends. I believe we’re now entering that phase of the outlook, so today I’ll update my key levels. Keep in mind that US inflation data is still scheduled for release tomorrow despite the ongoing government shutdown. The weekly jobless claims report will also be published today and remains one of the few data sets ... (full story)

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Twocans
Oct 24, 2025 2:31am
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BOOM!!!!
Twocans
Oct 22, 2025 8:34pm
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Keeping one eye on EUR/USD after the NY close. Inverted Head and Shoulders developed today H1. As of now the right shoulder just barely dipped below 1.16 . The neck line (Right Shoulder) is is HH and HL after the morning capitulation with long connecting bull elephant candles in multiple time frames. It will be interesting to see if the price recovers overnight back to 1.16 or breaks down past the left shoulder. It looked like it would break bullish at 1.162 halfway through the NY session but then retreated. Still Bullish but looking for confirmation. The only thing you can control is how much you lose. Everything else is speculation.
Twocans
Oct 23, 2025 9:31am
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EUR/USD Should attract eyeballs from here breaking into positive territory on a daily. If IT TAKES OUT HI OF DAY YESTERDAY 1.16226 WE HAVE A TREND CHANGE after 3 down days. ;-) Last post ... it starts sounding like a NASDAQ SM CAP PUMP. lol
Twocans
Oct 23, 2025 7:55am
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FYI... IMHO if it takes out 1.6050 there is some 'short squeeze territory' up past 1.61 and could propel it higher from there. All you can control is how much you lose.
Twocans
Oct 23, 2025 2:09pm
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Okay--- one more its very close to taking out the high yesterday. I took a starter on the dip at 1.16232 after green fees... haha Its hit or miss 1.16169
Twocans
Oct 23, 2025 3:52pm
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A power slide into the close! Sorry, couldn't help myself.
JonGlover
Oct 23, 2025 12:46am
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Quoting Twocans
Keeping one eye on EUR/USD after the NY close. Inverted Head and Shoulders developed today H1. As of now the right shoulder just barely dipped below 1.16 . The neck line (Right Shoulder) is is HH and HL after the morning capitulation with long connecting bull elephant candles in multiple time frames. It will be interesting to see if the price recovers overnight back to 1.16 or breaks down past the left shoulder. It looked like it would break bullish at 1.162 halfway through the NY session but then retreated. Still Bullish but looking for confirmation....
Nice to see a trader on here sharing his market views, just like it used to be, thank you. These days all they want to do is give political opinions that have nothing to do with banking pips.
Thanks for your analysis, interesting. I am undecided right now, with liquidity both long and short they could push price either way. I am leaning short for now, given that Wednesday pulled back for a liquidity sweep, and opened today leaving a near exact ADR for a short move to close the price imbalance from Oct 14 and sweep the low.
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