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EURUSD daily retested the RSI trendline breakout yesterday. Bearing in mind that there is big BB compression on EURUSD we are likely about to see the start of a new trend. Intuitively I still think we are very close to the yen carry trade unwinding and DXY collapsing, just like August 2024 and April 2025. Still nothing confirmed, I am prepared for whatver plays out. But it just does not look like EURUSD is going to drop so I think we could be in for a pretty wild couple weeks from here on out if I'm right.

Published Jul 22, 2026Updated Jul 22, 20262 min read
EURUSD daily retested the RSI trendline breakout yesterday. Bearing in mind that there is big BB compression on EURUSD we are likely about to see the start of a new trend. Intuitively I still think we are very close to the yen carry trade unwinding and DXY collapsing, just like August 2024 and April 2025. Still nothing confirmed, I am prepared for whatver plays out. But it just does not look like EURUSD is going to drop so I think we could be in for a pretty wild couple weeks from here on out if I'm right.
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