With the EUR/USD pair reversing course from its strong rally and entering a downtrend, investors should watch for further downside potential

With the EUR/USD pair reversing course from its strong rally and entering a downtrend, investors should watch for further downside potential

14.03.2025

In yesterday’s U.S. trading session, the Canadian dollar weakened against the yen. The CAD/JPY pair fell from 103.284 to 102.054. The pair declined as it encountered resistance at the 200-period SMA on the hourly chart. On the 4-hour chart, the 75-period MA is capping gains, and on the daily chart, the downtrend along the 10-period MA continues. We should remain vigilant to see if the Canadian dollar’s weakness persists during U.S. trading hours.

Among European currencies, the euro fell against the U.S. dollar. The EUR/USD pair dropped from 1.0896 to 1.0822. The decline continued along the 20-period moving average on the hourly chart. On the 4-hour chart, prices have been ranging between the +2σ and -2σ lines of the Bollinger Bands, and on the daily chart, we are seeing a pullback from the +2σ line, similar to the 4-hour chart. We should keep a close eye on the direction of the euro, which has now fallen for two consecutive days.

At 4:00 PM, Germany’s Wholesale Price Index, the UK’s monthly GDP, Germany’s Consumer Price Index, the UK’s Industrial Production, and the UK’s Manufacturing Orders are scheduled to be released; at 4:45 PM, France’s Consumer Price Index; at 9:30 PM, Canada’s Manufacturing Sales and Wholesale Sales; and at 11:00 PM, the University of Michigan Consumer Sentiment Index.After a sharp rally, the EUR/USD pair has turned downward; traders should pay close attention to the downside potential.

Past Market Reports

1. 17.04.2026New

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

2. 16.04.2026New

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

3. 15.04.2026New

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

4. 14.04.2026New

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

5. 13.04.2026New

   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

6. 10.04.2026

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

7. 09.04.2026

   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?

8. 08.04.2026

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

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed