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 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 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 half 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, with price action fluctuating around the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, prices have already formed lower highs below the 20-period moving average, 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 on guard for a further decline in the euro during the European session.

Today’s key events include remarks by Logan, President of the Dallas Fed, at 9:00; remarks by Federal Reserve Governor Milan at 9:05; remarks by Bank of Japan Board Member Tamura at 12:30; the Swiss Consumer Price Index at 16:30; at 7:00 p.m., the EU’s fourth-quarter GDP and trade balance; at 9:00 p.m., remarks by Pill, a member of the UK’s Monetary Policy Committee; and at 10:30 p.m., the U.S. Consumer Price Index. We intend to carefully monitor the downside potential for the euro, which has faced resistance on the upside.