Should we focus on the upside potential of the rising EUR/AUD pair?

Should we focus on the upside potential of the rising EUR/AUD pair?

24.03.2025

Last weekend, the U.S. dollar rose against the euro.The EUR/USD pair fell from 1.0860 to 1.0797. The decline came after the pair hit resistance at the 200-period EMA on the hourly chart. On the 4-hour chart, the price broke below the 75-period MA, which had appeared to be providing support, and on the daily chart, the uptrend along the 10-period MA has come to an end. We will need to watch price movements during European trading hours to see if the US dollar’s rise continues.

Among European currencies, the euro rose against the Australian dollar. The EUR/AUD pair climbed from 1.7196 to 1.7271. On the hourly chart, the price has moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the 20-period MA is acting as a support level, and on the daily chart, a clear uptrend along the 10-period MA continues. We will be watching to see if the euro can maintain this momentum.

Today, at 5:30 PM, German Manufacturing/Non-Manufacturing PMI; at 6:00 PM, Eurozone Manufacturing/Services PMI; at 6:30 PM, UKmanufacturing and services PMIs, the US Chicago Fed National Activity Index at 9:30 PM, the US PMI Purchasing Managers' Index at 10:45 PM, remarks by US Federal Reserve Bank of Atlanta President Bostic at 2:45 AM, remarks by UK Bank of England Governor Bailey at 3:00 AM, and remarks by US Federal Reserve Board Member Barr at 3:10 AM.We will be watching for further upside potential in the euro/Australian dollar pair, which has been rising.

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