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![forexanalytix Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::3107927636.png) Forex Analytix [@forexanalytix](/creator/twitter/forexanalytix) on x 22.2K followers
Created: 2025-07-17 09:01:01 UTC

European Update: A decent bounce back in $USDCAD but it's still not seeing the volatility other pairs are.

This has turned into the $EURGBP of North America.

The fairly quick return back above the 1.3720/35 area just solidifies the case that we've found something more than a s/t bottom.

However, we've only just managed to get through the XXXX of the May leg down, and we're still 270-odd pips away from the XXXX of the year's move so we're not out of the woods yet.

There's a big H4MA confluence down below between 1.3666-78 to watch but a fresh bullish signal would be any dips from here holding the top of the 1.3720/35 zone, or at very least, the bottom of it.

XXXXXX remains the next level to take out above.

![](https://pbs.twimg.com/media/GwDEJDBXwAA0KAM.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945770704554676306/c:line.svg)

**Related Topics**
[united states](/topic/united-states)
[$eurgbp](/topic/$eurgbp)
[pairs](/topic/pairs)
[$usdcad](/topic/$usdcad)
[forex](/topic/forex)

[Post Link](https://x.com/forexanalytix/status/1945770704554676306)