Market Participants May Be Cautiously Monitoring the Downside Potential of the Euro, Which Is Facing Resistance on the Upside

Market Participants May Be Cautiously Monitoring the Downside Potential of the Euro, Which Is Facing Resistance on the Upside

13.02.2026

In the U.S. currency market yesterday, the U.S. dollar fell against the yen. The USD/JPY pair dropped from 153.760 to 152.267. It fell within the range of the hourly Bollinger Bands, from +2σ to -2σ.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 low for the month just below the 200 EMA. 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 back-and-forth movement against the U.S. dollar. The EUR/USD pair traded between 1.1852 and 1.1889. Price action was observed straddling the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, prices have already fallen below the 20-period moving average while forming lower highs, and on the daily chart, prices have fallen to around half the level of the sharp rally seen at the start of the week. Given the downward price action during today’s Asian session, traders should be wary of further euro weakness during the European session.

Today’s economic indicators include remarks by Logan, President of the Dallas Fed, at 9:00; remarks by Milan, Fed Governor, at 9:05; remarks by Tamura, Bank of Japan Board Member, at 12:30; the Swiss Consumer Price Index at 16:30; at 19:00, the Eurozone’s fourth-quarter GDP and trade balance; at 21:00, remarks by MPC member Pill of the UK; and at 22:30, the U.S. Consumer Price Index. We intend to carefully monitor the downside potential for the euro, which has faced resistance on the upside.