Will the pound, which has fallen against the U.S. dollar, extend its decline? Keep an eye on price movements during European trading hours.

Will the pound, which has fallen against the U.S. dollar, extend its decline? Keep an eye on price movements during European trading hours.

19.03.2026

In the U.S. currency market yesterday, the U.S. dollar rose following the FOMC meeting, where the policy interest rate was kept unchanged.The EUR/USD pair fell from 1.1549 to 1.1469. It pulled back after encountering resistance at the 200-period SMA on the hourly chart. On the 4-hour chart, the price has shifted from above the 20-period MA to below it, and on the daily chart, the downtrend along the 10-period MA is holding, with the pair currently digging deeper toward its year-to-date low.

Among European currencies, the pound fell against the U.S. dollar. The GBP/USD pair dropped from 1.3374 to 1.3251. A downtrend has emerged along the -3σ line of the hourly Bollinger Bands.On the 4-hour chart, the price is moving from above the 20-day moving average (MA) to below it, while on the daily chart, it is attempting to set a new year-to-date low near the RSI level of 37. Additionally, on the weekly chart, it is attempting to break below the support line formed by the 75-day MA.

Today’s economic indicators include: Japan’s machinery orders and foreign/domestic securities investment at 8:50; Australia’s employment report at 9:30; the Bank of Japan’s policy rate decision and statement around 12:00; Japan’s industrial production at 13:30; a press conference by BOJ Governor Ueda at 15:30; the UK’sEmployment Report, 5:30 PM: Swiss SNB Policy Rate and Statement, 6:00 PM: Swiss SNB Governor Schlegel Press Conference, 7:00 PM: Eurozone Construction Output, 9:00 PM: UKBOE policy rate and statement release, 21:30 US Initial Jobless Claims and Philadelphia Fed Business Outlook Index, 22:15 Eurozone ECB policy rate and statement release, 22:45 Eurozone ECB President Lagarde press conference, and 23:00 US New Home Sales, US Wholesale Inventories, and US Leading Economic Index.We should keep an eye on price movements during European trading hours to see if the pound, which has fallen against the US dollar, will extend its decline.

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