The US dollar shows no signs of slowing down and continues to demonstrate growth against riskier assets. The Federal Reserve's decision, made against a backdrop of slowing US labor market growth and ongoing uncertainty in trade policy, was a response to the need to sustain economic momentum in the US. The expected reduction in interest rates would, as expected, make the dollar less appealing to investors seeking higher returns in other currencies. However, Jerome Powell's statements modified market expectations. His cautious tone and mention of a possible end to the monetary easing cycle in the near future instilled confidence in the US economy's resilience. This, in turn, led to increased demand for the dollar as traders revised their forecasts, believing that the prospects for the American currency remained quite attractive.

In the first half of the day, data on changes in Eurozone GDP, unemployment levels, and Germany's consumer price index are expected. If the data is favorable, the euro could partially recover its losses. The market always closely monitors such reports, as they can be key factors for the short-term recovery of the European currency. The Eurozone GDP data for the third quarter will provide insight into the current state of the region's economy and its growth dynamics. If the figures exceed expectations, it may indicate greater economic resilience than previously thought, thereby supporting the euro.

The Eurozone's unemployment rate is also an important indicator that could enhance the euro's appeal. The consumer price index in Germany is equally important, as inflation is one of the key factors the European Central Bank considers when making monetary policy decisions. If the CPI indicates growth, it could suggest potential tightening of ECB policy in the future, which would also strengthen the euro.

For the UK, there is no statistical data today, making it even more challenging for pound traders.

If the data aligns with economists' expectations, it is better to operate under the Mean Reversion strategy. If the data significantly deviates above or below expectations, it is best to use the Momentum strategy.

Momentum Strategy (Breakout):

For the EUR/USD Pair

• Buy on a breakout above 1.1640, which could lead to a rise in the euro towards 1.1668 and 1.1696.
• Sell on a breakout below 1.1620, which could lead to a decline in the euro towards 1.1600 and 1.1575.

For the GBP/USD Pair

• Buy on a breakout above 1.3225, which could lead to a rise in the pound towards 1.3250 and 1.3280.
• Sell on a breakout below 1.3195, which could lead to a decline in the pound towards 1.3168 and 1.3140.

For the USD/JPY Pair

• Buy on a breakout above 153.10, which could lead to a rise in the dollar towards 153.46 and 153.84.
• Sell on a breakout below 152.75, which could lead to a decline in the dollar towards 152.40 and 152.10.

Mean Reversion Strategy (Return):

For the EUR/USD Pair

• Look for sells after a failed attempt to break above 1.1640 when the price returns below this level.
• Look for buys after a failed attempt to break below 1.1592 when the price returns to this level.

For the GBP/USD Pair

• Look for sells after a failed attempt to break above 1.3225 when the price returns below this level.
• Look for buys after a failed attempt to break below 1.3186 when the price returns to this level.

For the AUD/USD Pair

• Look for sells after a failed attempt to break above 0.6601 when the price returns below this level.
• Look for buys after a failed attempt to break below 0.6575 when the price returns to this level.

For the USD/CAD Pair

• Look for sells after a failed attempt to break above 1.3945 when the price returns below this level.
• Look for buys after a failed attempt to break below 1.3919 when the price returns to this level.