Will the rising U.S. dollar continue to climb? Market participants are keeping a close eye on price movements.
20.02.2026
- University of Michigan Consumer Sentiment Index
- Total Retail Sales
In the previous day's U.S. currency trading, the U.S. dollar rose against the euro.The EUR/USD pair fell from 1.1807 to 1.1741, forming a downtrend along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the price broke below the 200-period simple moving average (SMA) with a real body candle, and on the daily chart, it hit a new low for the month. The candlestick has fallen just below the 75-period MA. Furthermore, it is currently continuing to test lower levels during today’s Asian trading session.
Among European currencies, the pound fell against the U.S. dollar. GBP/USD dropped from 1.3516 to 1.3433. A downtrend has developed along the 20-period moving average on the hourly chart.On the 4-hour chart, the price continues to move along the -2σ line of the Bollinger Bands, while on the daily chart, the price has fallen for four consecutive days, dropping just below the 200-day SMA. On the weekly chart, a retracement from the +2σ line of the Bollinger Bands toward the centerline is observed.
Today’s economic indicators include remarks by RBNZ Governor Breman at 8:00, Japan’s national consumer price index at 8:30, UK retail sales and Germany’s producer price index at 16:00, France’s manufacturing and non-manufacturing PMIs at 17:15, Germany’s manufacturing and non-manufacturing PMIs at 17:30, and the Eurozone’s manufacturing andNon-Manufacturing PMI, 6:30 PM UK Manufacturing/Non-Manufacturing PMI, 10:30 PM Canada Retail Sales, Canada Industrial Product Prices, US Personal Income, US PCE Deflator, 11:45 PM US Manufacturing/Non-Manufacturing PMI, and 12:00 AM US University of Michigan Consumer Sentiment Index.We will be closely monitoring price movements through the weekend to see if the rising U.S. dollar continues to climb higher.
Author: Keisuke Sakurai
