EURUSD – Jan 28, Prices continue to rise – DXY weakens

  • January 28, 2026
  • Posted by: EWGFX
  • Category: Technical analysis
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EUR/USD eases toward the 1.1990 area in early European trade on Wednesday, ending a four-session advance as the US Dollar finds renewed demand and the pair pulls back from a five-year high. Market focus remains firmly on the Federal Reserve’s policy decision later in the day.

Sentiment around the Dollar stays fragile after President Trump said he would soon name a new Fed Chair and suggested rates would decline under new leadership. Fears that such an appointment could undermine the Fed’s independence may cap USD strength and keep underlying support in place for the euro.

The DXY weakened, and investors increasingly lost confidence in the dollar due to political instability and gold tariffs putting pressure on its value.

BUY EURUSD : zone 1.19950 – 1.19800

SL: 1.19500

TP: 40 – 60 – 100 PIPS ( 1.20800 )