Market participants are likely to keep a close eye on the price movements of the euro-dollar pair during U.S. trading hours

Market participants are likely to keep a close eye on the price movements of the euro-dollar pair during U.S. trading hours

01.04.2025

In the previous day’s U.S. currency trading, the dollar traded in a narrow range against the euro. The EUR/USD pair fluctuated between 1.0784 and 1.0847. On the hourly chart, short- and long-term moving averages were clustered closely together, resulting in a lack of clear direction. On the 4-hour chart, price action was limited just below the 20-period moving average, while on the daily chart, the upside appeared capped and heavy just below the 10-period moving average.

Despite the preliminary March Harmonized Index of Consumer Prices (HICP) for Germany, released yesterday, showing a year-over-year decline of approximately 0.3 percentage points from the previous month’s 2.6% to 2.3%, the euro rose against the yen.The euro/yen pair rose from 161.051 to 162.481. 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 price has rebounded from the -3σ line of the Bollinger Bands, and on the daily chart, it is currently attempting to break above the resistance zone formed by the 200-period simple moving average (SMA).

Today’s economic indicators include Japan’s unemployment rate and the Bank of Japan’s Tankan survey for the first quarter at 8:30 a.m., Australia’s retail sales at 9:30 a.m., the RBA’s policy rate decision and statement at 12:30 p.m., remarks by RBA Governor Block at 1:30 p.m., the UK’s Nationwide house prices at 3:00 p.m., Switzerland’s retail sales at 3:30 p.m.,17:15 UK MPC Member Green’s remarks, 18:00 Eurozone CPI, 21:30 Eurozone ECB President Lagarde’s remarks, 22:00 US Richmond Fed President Barkin’s remarks, and 23:00 US ISM Manufacturing PMI and US JOLTS Job Openings.We will be closely monitoring price movements in the euro/dollar pair during U.S. trading hours, where the market remains tightly contested.

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