Attention on the upside potential of the euro against the dollar as it continues to rise

Attention on the upside potential of the euro against the dollar as it continues to rise

09.09.2025

In yesterday’s U.S. currency trading, the U.S. dollar fell against the yen. The USD/JPY pair dropped from 148.579 to 147.332. On the hourly chart, the price moved from above the 20-period moving average (MA) to below it.On the 4-hour chart, the support line at the 200-period simple moving average (SMA) failed to hold, and the price fell below it. On the daily chart, the 200-period SMA acted as a resistance level, causing the candlestick to reverse. As downward price movement is also being observed during today’s Asian session, we should pay close attention to developments during the U.S. session.

European currencies rose as the euro gained against the U.S. dollar following the release of Germany’s July industrial production data yesterday, which showed a year-on-year improvement from the previous month’s 3.6% decline to a 1.5% increase.The EUR/USD pair rose from 1.1703 to 1.1766. The price moved along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the 10-period MA is acting as a support line and is trending upward, while on the daily chart, the price has moved from the -2σ to the +3σ Bollinger Bands and has been rising for two consecutive days.

Today’s schedule includes UK BRC same-store sales at 8:01, Japan’s money supply at 8:50, Australia’s Westpac Consumer Confidence Index at 9:30, Australia’s NAB Business Conditions Index at 10:30, Japan’s machine tool orders at 15:00, and France’sIndustrial Production and the Manufacturing Production Index, South Africa’s Q2 Real GDP at 6:30 PM,at 7:00 PM: US Small Business Optimism Index; at 8:30 PM: Remarks by Nagel, President of the German Bundesbank; at 8:50 PM: Remarks by Schlegel, President of the Swiss National Bank; at 12:15 AM: Remarks by Breeden, Deputy Governor of the Bank of England; and at 2:00 AM: US 3-year Treasury auction. We will closely monitor the upside potential of the euro/dollar pair, which has continued to rise.

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