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. The decline followed the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the downward trend along the 10-period MA has persisted for about a week, while 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 signs of weakness 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. It moved from the -2σ to the +2σ levels on the hourly Bollinger Bands.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 gain ground during U.S. trading hours.

Today’s schedule includes Japan’s foreign and domestic securities investment 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 23:00 U.S. Existing Home Sales Index, at 24:00 U.S. Kansas City Fed Manufacturing Activity Index, and at 27:05 a speech by ECB President Lagarde. We want to carefully assess the potential for a rebound in the EUR/USD pair, which has been falling for about a week.