Will the U.S. dollar, which has been weakening against the euro, recover? All eyes are on price movements during European trading hours.

Will the U.S. dollar, which has been weakening against the euro, recover? All eyes are on price movements during European trading hours.

03.12.2025

In yesterday’s U.S. currency markets, the U.S. dollar fell against the euro. The EUR/USD pair rose from 1.1591 to 1.1625. On the hourly chart, the price moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the 200-period simple moving average (SMA) served as support, and after retesting it, the closing price turned upward. On the daily chart, the double bottom formation that began last month has been completed. The price has recovered to a level where it is attempting to break above the resistance line.

Despite the fact that the unemployment rate in the EU’s October employment statistics, released yesterday, worsened by 0.1 percentage points from the previous month’s 6.3% to 6.4%, the euro rose against the yen.The EUR/JPY pair rose from 180.378 to 181.351, hitting a new high along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the 75-period MA is acting as a support level, leading to a rebound, and on the daily chart, the uptrend above the 10-period MA remains intact.

Today’s schedule includes remarks by RBA Governor Block at 7:00, Australia’s real GDP at 9:30, Germany’s non-manufacturing PMI at 17:55, the Eurozone’s services PMI at 18:00, the UK’s services PMI at 18:30, the Eurozone’s producer price index at 19:00, the U.S. MBA mortgage applications index at 21:00,at 10:15 PM: U.S. ADP Employment Report; at 10:30 PM: U.S. Import Price Index, Canadian Labor Productivity, and remarks by ECB President Lagarde; at 11:15 PM: U.S. Industrial Production; at 11:45 PM: U.S. PMI; at 12:00 AM: U.S. ISM Non-Manufacturing Index; and at 12:30 AM: U.S. Weekly Crude Oil Inventories.We will be watching price movements during European trading hours to see if the US dollar, which has been weakening against the euro, will show signs of recovery.

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