USD Dollar Price Action Setups 2026: Major Currencies on the Move After the New Year
US Dollar price action kicks off 2026 with key setups across EUR/USD, GBP/USD, and USD/JPY. DXY rebounds from multi-week lows, supporting USD strength amid hawkish Fed signals. EUR/USD faces resistance near 1.1000 with downside risk if 1.0850 breaks. GBP/USD shows bearish bias below 1.2800, eyeing 1.2600 support. USD/JPY holds gains above 134 as risk sentiment wavers. Watch US inflation and employment data for next moves.
— Analysis by James Stanley, Forex.com
