With the euro facing resistance at higher levels, investors should watch for downside potential
19.02.2026
- Switzerland: Trade Balance
- U.S. Initial Unemployment Insurance Claims
In U.S. currency trading the previous day, the Canadian dollar rose against the yen. The CAD/JPY pair rose from 112.222 to 113.062. An uptrend developed along the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, the price surged from the -2σ to the +2σ levels of the Bollinger Bands. On the daily chart, the 75-period moving average is acting as a support level, and the price is rebounding. The rebound has continued into today’s Asian trading session, and the price has already surpassed yesterday’s high.
Among European currencies, the euro fell against the U.S. dollar. The EUR/USD pair dropped from 1.1857 to 1.1781. On the hourly chart, the price moved from above the 20-period moving average (MA) to below it.On the 4-hour chart, the candlesticks have fallen to just below the 200-period simple moving average (SMA), and on the daily chart, the price has broken below the 20-period moving average—which had previously provided support—and is now returning to this month’s low.
Today’s schedule includes the Australian employment report at 9:30, the Swiss trade balance at 16:00, the ECB’s monthly report at 18:00, and the UK’sCBI Business Survey, at 22:20: U.S. remarks by Bostic, President of the Atlanta Fed, at 22:30: Canada’s trade balance, U.S. initial jobless claims, U.S. trade balance, U.S. Philadelphia Fed Business Outlook Index, U.S. wholesale inventories,U.S. remarks by Federal Reserve Vice Chair Bowman, 23:00 U.S. remarks by Kashkari, President of the Minneapolis Fed, 24:00 U.S. Leading Economic Index, U.S. Pending Home Sales, and 27:00 U.S. 30-Year Inflation-Indexed Bond.With the euro facing resistance on the upside, investors should watch for downside potential.
Author: Keisuke Sakurai
