Should We Wait and See How Far the Euro Will Rise Against the U.S. Dollar?
15.12.2025
- Canada: Manufacturing Revenue
- New York Fed Manufacturing Index
Last weekend, the U.S. dollar rose against the yen. The USD/JPY pair climbed from 155.443 to 156.127, finding support at the 200-period simple moving average (SMA) on the hourly chart.On the 4-hour chart, the 200 SMA is acting as a support level, leading to a rebound. On the daily chart, the pair has broken out of the lower 20 MA range—which it had temporarily dipped below—and has returned to the upper 20 MA range. 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 on the 12th of Germany’s November Harmonized Index of Consumer Prices (HICP), 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. It moved from the -2σ to the +2σ levels of the hourly Bollinger Bands. On the 4-hour chart, an uptrend is developing along the 10-period moving average (MA), 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, the UK’s Rightmove House Price Index at 9:01, Japan’s Tertiary Industry Activity Index at 13:30, Germany’s Industrial Production at 19:00, Canada’s Housing Starts and Manufacturing Sales at 22:15,U.S. New York Fed Manufacturing Index and Canadian Consumer Price Index; at 23:30, remarks by U.S. Federal Reserve Governor Milan; at 24:00, the U.S. NAHB Housing Market Index; and at 24:30, remarks by U.S. New York Fed President Williams.I would like to wait and see how much further the euro can rise against the U.S. dollar.
Author: Keisuke Sakurai
