Should we wait and see how much further the euro-pound pair will rise?

Should we wait and see how much further the euro-pound pair will rise?

26.09.2025

In yesterday’s U.S. trading session, the Canadian dollar strengthened against the U.S. dollar, following the trend set by the U.S. dollar. The CAD/JPY pair rose from 106.940 to 107.618. A band walk was observed along the +3σ line of the hourly Bollinger Bands. On the 4-hour chart, the price has rebounded off the 200-period SMA, which is acting as a support level, and on the daily chart, the price is currently rising following a rebound from the 20-period MA.

Among European currencies, the euro rose against the pound.The euro rose against the pound from 0.8722 to 0.8751. On the hourly chart, the price surged from the -2σ to the +3σ Bollinger Band. On the 4-hour chart, the 20-period moving average (MA) acted as support, causing the price to rebound. On the daily chart, the price hit a new monthly high at the +2σ Bollinger Band line. Furthermore, during today’s Asian trading session, the euro continues to rise against the pound.

Today’s economic indicators include the New Zealand ANZ Consumer Confidence Index at 7:00, the Tokyo Metropolitan Area Consumer Price Index at 8:30, Canadian GDP, U.S. personal income, and the U.S. PCE deflator at 21:30, and remarks by U.S. Federal Reserve Vice Chair Barkin at 22:00:Richmond Fed President Barkin, at 11:00 PM the US University of Michigan Consumer Sentiment Index, and at 2:00 AM remarks by US Fed Vice Chair Bowman. I intend to cautiously monitor the upside potential of the rising EUR/GBP pair.

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