Investors should watch for the euro’s upside potential as it continues to rise against the U.S. dollar

Investors should watch for the euro’s upside potential as it continues to rise against the U.S. dollar

12.11.2025

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 by the lower end of the Bollinger Band’s middle line, 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 somewhat 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 Board Member 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 Williams, President of the New York Fed; 24:00: Remarks by Paulson, President of the Philadelphia Fed; 24:20: Remarks by Waller, Fed Governor; 26:30: Remarks by Milan, Fed Governor; and 27:00: U.S. 10-year Treasury auction.Keep an eye on the upside potential for the euro, which has continued to rise against the U.S. dollar.

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