Will the downward pressure on the euro ease?

Will the downward pressure on the euro ease?

14.03.2022

Last weekend, the U.S. dollar saw the Dollar Index rise to 99.2—its highest level since May 2020—while the USD/JPY pair climbed more than 180 pips from 116.06 to 117.87.USD/JPY has rebounded with solid support at the weekly 20-day moving average, and since last week’s weekly candle was a strong bullish candle, we plan to take a wait-and-see approach this week regarding upside potential until the U.S. FOMC meeting on the 16th.

European currencies continue to face selling pressure against the euro amid rising geopolitical risks, such as the escalating situation in Ukraine. The EUR/USD pair fell by approximately 130 pips from 1.104 to 1.089, partly due to the strengthening U.S. dollar. The euro is also weakening against the pound, another European currency, and the EUR/GBP pair continues to trend downward, with its upside capped by the 120-day moving average on the daily chart.

Apart from France’s current account and trade balance data scheduled for 4:45 PM and Hong Kong’s producer price index and industrial production data scheduled for 5:30 PM, no major economic indicators are scheduled for release during U.S. trading hours today. Please note that the U.S. switches to Daylight Saving Time starting today. We will keep a close eye on price movements at the start of the week while closely monitoring the latest headlines.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?