Market participants may be cautiously watching to see how much further the euro could fall, as resistance has strengthened

Market participants may be cautiously watching to see how much further the euro could fall, as resistance has strengthened

13.02.2026

In yesterday's U.S. currency trading, the U.S. dollar fell against the yen. The USD/JPY pair dropped from 153.760 to 152.267. It fell from the +2σ to the -2σ of the hourly Bollinger Bands.On the 4-hour chart, the price continues to move along the -2σ line of the Bollinger Bands, while on the daily chart, it has hit a new monthly low just below the 200-day EMA. However, during today’s Asian trading session, the price has recovered to around the midpoint of yesterday’s range.

Among European currencies, the euro saw a seesawing trend against the U.S. dollar.The EUR/USD pair traded between 1.1852 and 1.1889. Price action was seen fluctuating around the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, prices have already fallen below the 20-period MA while forming lower highs, and on the daily chart, the pair has fallen to around the midpoint of the sharp rally seen at the start of the week. Given the downward price movement during today’s Asian session, we should be wary of further declines in the euro during European trading hours.

Today’s key events include remarks by Logan, President of the Dallas Fed, at 9:00 a.m., remarks by Federal Reserve Governor Milan at 9:05 a.m., remarks by Bank of Japan Board Member Tamura at 12:30 p.m., the Swiss Consumer Price Index at 4:30 p.m., and the Eurozone’s fourth-quarter GDP and trade balance at 7:00 p.m.21:00 UK: Remarks by MPC Member Pill, and 22:30 US: Consumer Price Index. We intend to carefully monitor the downside potential for the euro, which has faced resistance on the upside.