Will the market wait and see how far the euro can rise against the U.S. dollar?

Will the market wait and see how far the euro can 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 EUR/USD pair rose from 1.1719 to 1.1750. It moved from the -2σ to the +2σ levels on the hourly Bollinger Bands. On the 4-hour chart, an uptrend is developing along the 10-day 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 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 for Canada’s Housing Starts and Manufacturing Sales, the U.S. New York Fed Manufacturing Index, and Canada’s Consumer Price Index, 11:30 PM for remarks by U.S. Federal Reserve Governor Mian, 12:00 AM for the U.S. NAHB Housing Market Index, and 12:30 AM for remarks by U.S. New York Fed President Williams.I would like to wait and see how far the euro can rise against the US dollar.