EUR/USD Forecast: Euro Breaks a Major Barrier Against USD – 28 January 2026
The Euro has finally made a decision to break out. However, the one problem is that it did it the day before a FOMC press conference. Still a bullish look though.

The Euro has finally made a decision to break out. However, the one problem is that it did it the day before a FOMC press conference. Still a bullish look though.
The CAD/CHF pair isn’t one I focus on a lot, but it could be a good “back door” way of playing the CHF strength, or central bank intervention later.
The US dollar continues to see a lot of selling on Tuesday in the overall Forex markets, but in the USD/JPY pair, its had an entirely different foe over the last couple of sessions.
The US dollar has fallen again against the Mexican peso, breaking below the hammer from the previous session, a sign of weakness I often trade. This is a market that pays you to stay short, in the “carry trade.”
The USD/BRL closed yesterday around the 5.1847 ratio after facing another round of strong selling, and traders should be braced another dose of volatility on today’s opening.
The EUR/USD pair peaked at 1.2082 during Asian trading hours on Wednesday, as the Greenback collapsed across the FX board following comments from United States (US) President Donald Trump.