Investors should watch for the euro's upside potential as it continues to rise against the U.S. dollar
12.11.2025
- Canada: Residential Building Permit
- Paulson (U.S.): Remarks by the President of the Federal Reserve Bank of Philadelphia
In the previous day's U.S. currency trading, the dollar fluctuated against the yen. The USD/JPY pair traded between 153.663 and 154.442. Price action was seen moving back and forth across the 20-period moving average on the hourly chart. On the 4-hour chart, the pair is turning upward again, supported on the downside by the middle line of the Bollinger Bands, while on the daily chart, the 10-period moving average is acting as a support line, preventing a significant decline.
Among European currencies, the euro rose against the U.S. dollar for the fifth consecutive day.The EUR/USD pair rose from 1.1547 to 1.1605. Supported by the 75-period moving average (MA) on the hourly chart, it surged to the +3σ level of the Bollinger Bands. On the 4-hour chart, the price has jumped sharply to just below the 200-period exponential moving average (EMA), and on the daily chart, it is currently attempting to break above the resistance zone formed by the 20-period MA. However, as the euro’s upside has become slightly heavy during today’s Asian session, traders should pay close attention to the direction of the market during the European session.
Today’s economic indicators include remarks by U.S. Federal Reserve Governor Bar at 12:25, Japan’s machine tool orders at 15:00, Germany’s consumer price index at 16:00, the U.S. MBA mortgage applications index at 21:00, remarks by UK MPC member Pill at 21:05, and Canada’s housing starts at 22:30,23:20: Remarks by U.S. Federal Reserve Governor Williams (President of the New York Fed), 24:00: Remarks by U.S. Federal Reserve Governor Paulson (President of the Philadelphia Fed), 24:20: Remarks by U.S. Federal Reserve Governor Waller, 26:30: Remarks by U.S. Federal Reserve Governor Milan, and 27:00: U.S. 10-year Treasury auction.We should watch for the upside potential of the euro, which has continued to rise against the U.S. dollar.
Author: Keisuke Sakurai
