Will the euro, which has risen against the U.S. dollar, continue to climb? Market participants are watching closely to see which direction it takes.

Will the euro, which has risen against the U.S. dollar, continue to climb? Market participants are watching closely to see which direction it takes.

11.12.2025

In the U.S. currency market the previous day, the Canadian dollar fell against the yen. The CAD/JPY pair fell from 113.336 to 112.826.On the hourly chart, the price has moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, the price has retreated from the +2σ Bollinger Band back toward the centerline, and on the daily chart, the RSI is currently pulling back from the 70 level. Furthermore, during today’s Asian trading session, the downward trend observed yesterday has continued.

Among European currencies, the euro rose against the U.S. dollar. The EUR/USD pair rose from 1.1621 to 1.1699. It showed further gains following the FOMC meeting, tracking the 20-period moving average on the hourly chart.On the 4-hour chart, the RSI has surged from 41 to 71, and on the daily chart, the price has reached the +2σ level of the Bollinger Bands. On the weekly chart, the price has rebounded to levels not seen since late October of this year.

Today’s economic indicators include Japan’s Q4 Business Sentiment Index (BSI) at 8:50, the UK’s RICS House Price Index at 9:01, Australia’s unemployment rate at 9:30, and the Swiss National Bank’s (SNB) policy rate announcement and statement at 17:30,at 6:00 p.m., a press conference by SNB Governor Schlegel; at 6:50 p.m., remarks by BOE Governor Bailey; at 8:00 p.m., the TCMB policy rate and statement; at 10:30 p.m., Canada’s trade balance;U.S. Initial Jobless Claims, U.S. Trade Balance, U.S. Wholesale Inventories at 24:00, U.S. Weekly Natural Gas Storage at 24:30, and a U.S. 30-Year Treasury Auction at 27:00.We’ll be watching closely to see if the euro, which has risen against the U.S. dollar, will continue to climb higher.