25.05.26 Daily Forecast

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25.05.26 Daily ForecastEuro/US DollarFX:EURUSDJordanWillsonPairs on Watch - EURUSD : With the DXY sitting where it is at the base for the potential longs, I am looking at EURUSD short from the high it is sat at. I understand price could reach higher so I am waiting for an insurance entry only from this area. Also aware of it being a bank holiday so happy to sit on my hands with all of these pairs today. EURCAD : Price has broken out of the volume below and reached up to the hook point above. We could still be looking for shorts from here playing almost the M style for price to sell back off. I will be waiting for an insurance entry on the lower timeframes once price sells off, if not and it starts to build a 1H continuation, I will look for the longs at the high as a message from the market. GBPUSD : A very interesting pair to have on watch today. We know where the DXY is positioned for the longs yet we have GBPUSD pushing up from the lows. It has formed a reversal channel whilst retesting the previous lows, showing that price nature is actually leaning more for the shorts which would line up nicely with the DXY outlook. Again, I will be waiting for a simple insurance entry from this area to confirm the move.