Market participants are likely watching for signs of a rebound in the weak euro

Market participants are likely watching for signs of a rebound in the weak euro

16.07.2025

In yesterday’s U.S. currency trading, the U.S. dollar rose against the euro. The EUR/USD pair fell from 1.1692 to 1.1592. On the hourly chart, the price moved from above the 20-period moving average (MA) to below it. The sharp decline following the release of the U.S. CPI data was particularly significant, and on the 4-hour chart, the price is falling as it faces resistance at the 20-period MA.On the daily chart, the price has broken below the 20-day moving average (MA) with a real body, so we should pay close attention to price movements during today’s U.S. trading session.

Among European currencies, the euro weakened, following the Japanese yen. The EUR/AUD pair fell from 1.7846 to 1.7748, moving across the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair is moving sideways with support at the 200-period simple moving average (SMA), while on the daily chart, it remains below the 20-period MA, continuing its sideways trend.We will be watching for any directional movement to see if the euro rebounds during today’s European trading session.

Today’s schedule includes the UK Consumer Price Index, UK Retail Price Index, and UK Producer Price Index at 3:00 PM; the Eurozone Trade Balance at 6:00 PM; the US MBA Mortgage Applications Index and South African Retail Sales at 8:00 PM; and at 9:00 PM, remarks by US Federal Reserve Bank of Richmond President Barkin:Richmond Fed President remarks; at 9:15 PM, Canadian housing starts; at 9:30 PM, US Producer Price Index; at 10:15 PM, US Industrial Production; at 11:00 PM, US Fed Governor Barkin remarks; at 11:30 PM, US weekly crude oil inventories; and at 3:00 AM, US Federal Reserve District Economic Reports.We want to carefully assess the potential for recovery in the weakening euro.

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