All eyes are on whether the euro, which has risen against the U.S. dollar, will continue its upward trend

All eyes are on whether the euro, which has risen against the U.S. dollar, will continue its upward trend

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. Following the FOMC meeting, it continued to rise along 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 Bank of England Governor Bailey, at 8:00 PM the Turkish Central Bank (TCMB) 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 will be watching closely to see if the euro, which has risen against the US dollar, will continue to climb higher.