Will the euro, which has risen against the U.S. dollar, continue to climb? Market participants are watching for signs of its direction.

Will the euro, which has risen against the U.S. dollar, continue to climb? Market participants are watching for signs of its direction.

11.12.2025

In the U.S. currency market yesterday, the Canadian dollar fell against the yen. The CAD/JPY pair dropped 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 line of the Bollinger Bands 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 price is following yesterday’s trend, with a downward bias observed.

Among European currencies, the euro rose against the U.S. dollar. The EUR/USD pair climbed from 1.1621 to 1.1699. It continued to rise 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, UK RICS House Price Index at 9:01, Australia’s unemployment rate at 9:30, the Swiss National Bank’s (SNB) policy rate decision and statement at 17:30, a press conference by SNB Governor Schlegel at 18:00, and at 18:50, the UK’sremarks by BOE Governor Bailey, at 8:00 PM the Turkish CBRT policy rate and statement, at 10:30 PM the Canadian trade balance, U.S. initial jobless claims, and U.S. trade balance, at 12:00 AM U.S. wholesale inventories, at 12:30 AM U.S. weekly natural gas inventories, and at 3:00 AM the U.S. 30-year Treasury auction.We should keep an eye on the direction of the euro, which has risen against the US dollar, to see if it will continue to climb higher.

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