Should We Keep an Eye on the Euro’s Upside Potential Now That It Has Become the Strongest Currency in U.S. Time?
18.08.2025
- Canada: Housing Starts
- Europe: Trade Balance
In the U.S. currency market last weekend, the U.S. dollar hit its weakest level from late Asian trading hours through late U.S. trading hours.The EUR/USD pair traded between 1.1642 and 1.1714. An uptrend has emerged along the 10-period moving average (MA) on the hourly chart. On the 4-hour chart, the 200-period exponential moving average (EMA) is acting as a support level, triggering a rebound, while on the daily chart, prices are rising while finding support at the 20-period MA.
Among European currencies, the euro was the strongest from European trading hours through the late U.S. trading session. The euro/yen pair rose from 171.501 to 172.371.On the hourly chart, the price rose from the -2σ to the +2σ levels of the Bollinger Bands. On the 4-hour chart, the price is rebounding as the 200 SMA acts as a support level. Meanwhile, on the weekly chart, the price has risen after touching the 10 MA, and the price continues to move along the +2σ line of the Bollinger Bands.
Today’s economic indicators include the UK LightMove House Price Index at 8:01, Japan’s Tertiary Industry Activity Index at 13:30, and the Eurozone’strade balance at 13:30, Canada’s housing starts at 21:15, Canada’s international securities turnover at 21:30, and the U.S. NAHB Housing Market Index at 23:00. We will be closely monitoring the euro’s upside potential, which has reached its strongest level in U.S. trading hours.
Author: Keisuke Sakurai
