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Pre-FOMC US Dollar Price Action Setups: EUR/USD, USD/JPY, GBP/USD

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.
Date: 28.07.2026  |  Source: forex.com
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Quotes

Instrument Price Change (%)
EURUSD 1.138950 +0.18667%
GBPUSD 1.329070 +0.018061%
USDJPY 163.782000 +0.04887%
XAUUSD 4030.110000 -1.13617%
USDCAD 1.410530 -0.12462%
NZDUSD 0.578840 +0.25981%
USDCHF 0.818430 +0.015886%
AUDUSD 0.697410 -0.2032%
EURGBP 0.856870 +0.19528%
EURJPY 186.579000 +0.24177%
GBPJPY 217.740000 +0.080896%
AUDJPY 114.288000 -0.07956%
CADJPY 116.140000 +0.21313%
CHFJPY 200.002000 +0.036013%
NZDJPY 94.807000 +0.18256%
GBPCHF 1.088550 +0.039518%
EURCHF 0.932830 +0.20087%
USDMXN 17.436300 +0.008431%
USDZAR 16.683500 -0.36728%
USDTRY 47.368800 +0.081872%
USDRUB 78.640000 +0.79816%
USDSEK 9.692410 -0.26004%
USDCNY 6.756200 -0.13303%

Upcoming Important Events

Time Country Event Forecast Previous
29.07.2026
18:00 🇺🇸 Fed Interest Rate Decision 3.75 3.75
18:00 🇺🇸 FOMC Economic Projections
18:30 🇺🇸 Fed Press Conference
18:30 🇺🇸 Press Conference
30.07.2026
05:00 🇯🇵 Consumer Confidence (Jul) 34.2 33.8
05:30 🇫🇷 GDP Growth Rate QoQ (Q2) 0.2 -0.1
05:30 🇫🇷 GDP Growth Rate YoY (Q2) 0.8 0.9
06:00 🇩🇪 Gross Domestic Product QoQ (Q2) 0.3
07:00 GDP Growth Rate QoQ (Q2) 0.6 0.6
08:00 GDP Growth Rate QoQ (Q2) 0.1 0.3