Will the market wait and see how much further the euro can rise against the U.S. dollar?

Will the market wait and see how much further the euro can rise against the U.S. dollar?

26.02.2026

In the U.S. currency market yesterday, the U.S. dollar rose against the yen. The USD/JPY pair rose from 155.358 to 156.818. On the hourly chart, the price has moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the price has completed a retest following a break above the 200-period simple moving average (SMA), and on the daily chart, the price is currently returning to levels near this month’s high. Additionally, on the weekly chart, the price has moved from below the 20-period MA to above it.

European currencies rose against the U.S. dollar as the final figures for the Eurozone’s January Harmonized Index of Consumer Prices (HICP), released yesterday, showed no change from the previous month on a year-over-year basis, including core inflation.The EUR/USD pair rose from 1.1771 to 1.1814. On the hourly chart, the price has moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the candlesticks have touched the +2σ line of the Bollinger Bands, and on the daily chart, the price is rebounding as the 75-period MA acts as a support line.

Today’s economic indicators include the NZ ANZ Business Confidence Index at 9:00, remarks by Bank of Japan Board Member Takada at 10:30, Japan’s Economic Trends Survey at 14:00, and the Eurozone Money Supply at 18:00,17:30: Remarks by ECB President Lagarde (EU), 18:00: Remarks by BOE Deputy Governor Lombardelli (UK), 18:30: South Africa Producer Price Index, 19:00: Eurozone Economic Sentiment and Consumer Confidence Index (EU), 22:30: U.S. Initial Jobless Claims, Canada Current Account,U.S. Durable Goods Orders, 12:00 a.m. U.S. Fed Vice Chair Bowman’s remarks, 12:30 a.m. U.S. Weekly Natural Gas Inventories, 1:00 a.m. U.S. Kansas City Fed Manufacturing Activity Index. I intend to wait and see regarding the upside potential for the euro, which has risen against the U.S. dollar.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed