Pre-FOMC US Dollar Price Action Setups: EUR/USD, USD/JPY, GBP/USD
Source: Forexcom - https://www.forex.com/en-us/news-and-analysis/pre-fomc-us-dollar-price-action-setups-eur-usd-usd-jpy-gbp-usd/
Published: Jul 28, 2026 3:10 PM
It's one of those weeks where the range of possible outcomes is far and wide. As we go into tomorrow's Fed meeting there's a peculiar degree of indecision, as there's an approximate 30% probability of rates being hiked tomorrow.
Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.
Low Impact
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