Should we wait and see how far the euro will rise against the U.S. dollar?

Should we wait and see how far the euro will rise against the U.S. dollar?

15.12.2025

Last weekend, the U.S. dollar rose against the yen.The USD/JPY pair rose from 155.443 to 156.127. It turned upward, supported by the 200-period simple moving average (SMA) on the hourly chart. On the 4-hour chart, the 200-period SMA acted as a support level, triggering a rebound. On the daily chart, the pair broke out of the lower 20-period moving average (MA) level—which it had temporarily dipped below—and returned to the upper 20-period MA. Meanwhile, the U.S. dollar has been weakening during Asian trading hours at the start of the week.

European currencies rose as the euro strengthened against the U.S. dollar following the release of Germany’s November Harmonized Index of Consumer Prices (HICP) on the 12th, which remained unchanged from the previous month at 2.6% year-over-year.The euro rose against the U.S. dollar from 1.1719 to 1.1750. On the hourly chart, the price moved from the -2σ to the +2σ Bollinger Bands. On the 4-hour chart, an uptrend is developing along the 10-period moving average, and on the daily chart, the RSI is currently surging toward 69.

Today’s economic indicators include the Bank of Japan’s Tankan survey at 8:50 a.m., the UK’s Rightmove House Price Index at 9:01 a.m., Japan’s Tertiary Industry Activity Index at 1:30 p.m., and Germany’sIndustrial Production, 10:15 PM: Canada’s Housing Starts and Manufacturing Sales, the U.S. New York Fed Manufacturing Index, and Canada’s Consumer Price Index, 11:30 PM: Remarks by U.S. Federal Reserve Governor Mian, 12:00 AM: U.S. NAHB Housing Market Index, and 12:30 AM: Remarks by U.S. New York Fed President Williams.I would like to wait and see how the euro, which has risen against the US dollar, performs.

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