EURUSD & GBPUSD: Don't Get Trapped Before the Dollar Breaks Out!

DXY, EURUSD, GBPUSD SMC Outlook for November 10, 2026 🔥 Steal my exact strategy completely free: https://access.dailypriceaction.com/smc-strategy The US dollar is getting close to a potential breakout, and what happens next could have major implications for EURUSD and GBPUSD. In today's video, I'm breaking down the latest price action on the US Dollar Index (DXY), EURUSD, and GBPUSD. I'll also walk you through the GBPUSD short trade I entered this week, including my entry, stop loss, and downside targets. **DXY – US Dollar Index** The US dollar has continued making higher highs and higher lows throughout 2026, and the latest consolidation is starting to resemble a bullish flag pattern. However, a bullish-looking setup doesn't guarantee a breakout. I'll explain why the current structure is important, how it compares to a previous failed breakout, and why the 103.69 gap and potential imbalance near 106 remain important upside targets. **EURUSD – Euro vs. US Dollar** EURUSD continues to respect the descending channel we've been discussing, with sellers defending resistance following a failed breakout. I'll break down the recent bearish rejection, the current trading range, and why I continue to favor selling rallies rather than buying dips. I'm also watching the range lows and the 2025 low near 1.1060 as potential downside targets over the coming weeks. **GBPUSD – British Pound vs. US Dollar** GBPUSD delivered an excellent short setup this week following the trendline retest and weekly rejection we discussed over the weekend. I'll walk through my short entry just above the single print, the significance of the point of control and 50% range level, and why I'm targeting the lows near 1.3280 followed by the imbalance just above 1.3200. As always, the focus is on price action, market structure, Smart Money Concepts (SMC), and identifying high-probability trading opportunities based on what the charts are actually telling us. *All analysis reflects my personal opinion and is not financial advice.* CHAPTERS 0:00 Introduction 0:17 DXY: Potential Bullish Breakout 4:50 EURUSD: Key Levels 5:00 See My Trades Live 7:48 GBPUSD: My Short Trade SMC LESSONS BoS and CHoCH made simple https://youtu.be/FE1bgD9N6DM Steal my liquidity sweep entry model (beginner-friendly) https://youtu.be/XH4TAoLCFBk Premium, discount, and OTE explained https://youtu.be/UWrvexqN3w8 Disclaimer: This video is for educational purposes only and is not financial advice. Trading forex, crypto, and other markets involves risk and may not be suitable for all investors. Always do your own research and never risk money you can’t afford to lose. I am not responsible for any losses you may incur from acting on the information in this video.