Will the market wait and see how much further the euro can rise against the U.S. dollar?
26.02.2026
- NZ and ANZ Business Confidence
- Japan Economic Trends Index
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. It moved from below the 20-period moving average (MA) on the hourly chart to above it.On the 4-hour chart, the pair has completed a retest following its break above the 200-period simple moving average (SMA), and on the daily chart, prices are currently rebounding toward this month’s high. Additionally, on the weekly chart, the price has moved from below the 20-period moving average to above it.
European currencies rose as the euro strengthened against the U.S. dollar after 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 moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the candlesticks are touching the +2σ line of the Bollinger Bands, and on the daily chart, the price is rebounding off the 75-period MA, which is acting 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, the Japan Economic Sentiment Index at 14:00, Eurozone Money Supply at 18:00, remarks by ECB President Lagarde at 17:30,6:00 PM UK: Remarks by BOE Deputy Governor Lombardelli; 6:30 PM South Africa: Producer Price Index; 7:00 PM Eurozone: Euro Business Sentiment and Consumer Confidence Index; 10:30 PM US: Initial Jobless Claims and Canada: Current Account;U.S. Durable Goods Orders, 24:00: Remarks by U.S. Federal Reserve Vice Chair Bowman, 24:30: U.S. Weekly Natural Gas Inventories, and 25:00: U.S. Kansas City Fed Manufacturing Activity Index. I would like to wait and see how much further the euro can rise against the U.S. dollar.
