theDXY its showing a lot of up momentum and strength for the, EURUSD]The Fed is not adding anything new at the moment and, in addition, Europe is unlikely to recover faster than the US, so EUR optimism and USD pessimism should be reviewed at this juncture. I still expect greater EURUSD downward pressure in the near future. Trade with caution also we have elections coming.
1) Rising COVID-19 figures in Europe, potentially accompanied by more stringent restriction measures soon.
2) No additional Fed moves.
Conclusion: Risk sentiment is shaky, short-term USD recovery remains likely.