Should we watch for a rebound in the euro-dollar pair, which has been falling for four consecutive days?

Should we watch for a rebound in the euro-dollar pair, which has been falling for four consecutive days?

25.03.2025

With the US dollar generally weakening against the yen the previous day, the Canadian dollar rose against the yen. The CAD/JPY pair climbed from 103.959 to 105.487, rising along the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, the pair broke through the 200-period simple moving average (SMA) line—which had appeared to act as resistance—without hesitation, and on the daily chart, it has set a new high for the month. We will need to monitor price movements during U.S. trading hours to see if the Canadian dollar’s strength continues.

Among European currencies, the euro fell against the U.S. dollar for the fourth consecutive day. The EUR/USD pair dropped from 1.0858 to 1.0782. On the hourly chart, the price has moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, the downtrend along the 20-period MA continues, and on the daily chart, the price has fallen below the 10-period MA, which had appeared to be providing support. We will need to monitor the direction of the market to see if the euro’s decline continues during U.S. trading hours.

Today’s schedule includes the release of the minutes of the Bank of Japan’s policy meeting at 8:50 a.m., the South African BER Consumer Confidence Index at 5:00 p.m., the German IFO Business Climate Index at 6:00 p.m., remarks by Fed Governor Kuehler at 9:40 p.m., the U.S. Housing Price Index and the S&P/Case-Shiller Home Price Index at 10:00 p.m., and remarks by Fed President Williams at 10:05 p.m.Remarks by NY Fed President Williams, 11:00 PM: US New Home Sales, US Conference Board Consumer Confidence Index, US Richmond Fed Manufacturing Index, and 1:00 AM: Remarks by German Bundesbank President Nagel. We will be watching for a rebound in the euro/dollar pair, which has been falling for four consecutive days.

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