With the euro facing resistance on the upside, investors should watch for downside potential
19.02.2026
- Switzerland: Trade Balance
- U.S. Initial Jobless Claims
In yesterday's U.S. currency trading, the Canadian dollar rose against the yen. The CAD/JPY pair climbed from 112.222 to 113.062. An uptrend has emerged along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair surged from the -2σ to the +2σ levels of the Bollinger Bands. On the daily chart, the 75-period MA is acting as a support level, and the price has rebounded. The rebound has continued into today's Asian trading session, and the pair 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 has 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 MA—which had previously provided support—and is now returning to this month’s low.
Today’s schedule includes: 9:30 AM Australian employment data, 4:00 PM Swiss trade balance, 6:00 PM ECB Monthly Report, 8:00 PM UK CBI Business Survey, 10:20 PM remarks by Bostic, President of the Atlanta Fed, 10:30 PM Canadian trade balance, U.S. initial jobless claims, and U.S. trade balance,U.S. Philadelphia Fed Business Outlook Survey, U.S. Wholesale Inventories, U.S. remarks by Fed Vice Chair Bowman, 11:00 PM U.S. remarks by Kashkari, President of the Minneapolis Fed, 12:00 AM U.S. Leading Economic Index, U.S. Pending Home Sales, and 3:00 AM U.S. 30-year inflation-indexed bond.We should watch for downside potential in the euro, which has faced resistance on the upside.
Author: Keisuke Sakurai
