Attention is turning to the potential for a rebound in the euro-dollar exchange rate, which has been falling for about a week

Attention is turning to the potential for a rebound in the euro-dollar exchange rate, which has been falling for about a week

27.03.2025

In yesterday’s U.S. currency trading, the U.S. dollar rose against the euro. The EUR/USD pair fell from 1.0801 to 1.0745. A decline along the 20-period moving average (MA) on the hourly chart was observed. On the 4-hour chart, the downward trend along the 10-period MA has persisted for about a week, and on the daily chart, the pair is teetering on the brink of finding support just below the 20-period MA. We will be watching for any softening in the U.S. dollar during today’s European trading session to gauge the market’s direction.

Among European currencies, the Swiss franc rose against the yen. The CHF/JPY pair climbed from 169.671 to 170.501. On the hourly chart, it moved from the -2σ to the +2σ Bollinger Band.On the 4-hour chart, the price is forming higher highs while finding support at the 20-day moving average (MA), and on the daily chart, it is in the process of breaking through the 200-day exponential moving average (EMA) line that has been looming overhead. We will monitor whether the Swiss franc continues to rise during U.S. trading hours.

Today’s schedule includes Japan’s foreign and domestic securities investment data at 8:50, the Eurozone’s money supply at 18:00, South Africa’s producer price index at 18:30, and the U.S. initial jobless claims, real GDP, PCE deflator, and wholesale inventories at 21:30,U.S. Initial Jobless Claims, at 11:00 PM U.S. Existing Home Sales Index, at 12:00 AM U.S. Kansas City Fed Manufacturing Activity Index, and at 3:05 AM European ECB President Lagarde’s remarks. We want to carefully assess the potential for a rebound in the EUR/USD pair, which has been falling for about a week.

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