In this endeavor, Europe may find an ally in Canada. Earlier this year, Donald Trump sweetly proposed to Mark Carney that Canada join the United States, and when he received a reasonable refusal, he exploded with criticism of his northern neighbor. According to Trump, Canada has been living off America for years and owes everything to it. Moreover, Trump was displeased that Ottawa was moving closer to China, which I personally find unremarkable. If your closest neighbor constantly threatens, blackmails, imposes trade tariffs, hinders healthy competition, and violates fair trade principles, any country would likely begin to pivot toward other trading partners.

How can Canada assist Europe? By helping it break free from American influence. Canada, represented by Mark Carney, is actively promoting the idea of forming a new trade and economic bloc that would include European and Pacific Rim countries. According to Carney's vision, Europe would serve as an intermediary between the Trans-Pacific Partnership nations and Canada. Brussels fully supports this idea. Last year, Carney urged the world to resist economic coercion from Washington. European businesses, burdened by Trump's tariffs, also fully support creating a new economic alliance that excludes America.

Based on this, I see only one conclusion: many countries around the world, if not ready to completely abandon their partnership with America, are at least willing to distance themselves from the contentious Donald Trump, who seeks personal gain for himself and his country in every nation. European leaders at the Munich Conference were candid: they should develop their own nuclear capability to protect the sovereignty and borders of the European Union. EU leaders have reached a consensus that defense capabilities should be strengthened and the alliance's reliance on NATO should be reduced. European Commission President Ursula von der Leyen stated that several "red lines" have been crossed (a reference to Trump's trade actions and Greenland), and that these cannot be taken back. Trust in America has been lost. Europe doubts that, in the event of an external threat, America will defend EU countries under NATO's aegis. Brussels contemplates that Trump may withdraw America from NATO, and then countries will have to think about their own defense. Therefore, preparations must begin now.

Wave Analysis for EUR/USD:

Based on the analysis of EUR/USD, I conclude that the instrument is continuing to build an upward phase of the trend. The policies of Trump and the Federal Reserve's monetary policy remain significant factors in the long-term decline of the U.S. currency. The targets for the current segment of the trend may reach up to 25,000. At this moment, I believe that the instrument remains within the framework of a global wave 5, so I expect prices to rise in the first half of 2026. However, in the near future, the instrument may construct another downward wave within the correction. I consider it sensible to search for areas and levels for new purchases with targets around the marks of 1.2195 and 1.2367, corresponding to the 161.8% and 200.0% Fibonacci.

Wave Analysis for GBP/USD:

The wave picture of the GBP/USD instrument is quite clear. The five-wave upward structure has completed its formation, but the global wave 5 may take a much more extended form. I believe that in the near future, we may observe the construction of a corrective set of waves, after which the upward trend will resume. Therefore, in the coming weeks, I recommend looking for opportunities for new purchases. In my opinion, under Trump, the British pound has a good chance of rising to $1.45-1.50. Trump himself welcomes the decline of the dollar, and the Fed has the opportunity to lower rates again at the next meeting.

Key Principles of My Analysis:

1. Wave structures should be simple and clear. Complex structures are difficult to trade and often lead to changes.
2. If there is no confidence in what is happening in the market, it is better not to enter it.
3. There can never be 100% certainty about the direction of movement. Don't forget about protective Stop Loss orders.
4. Wave analysis can be combined with other types of analysis and trading strategies.