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, continue 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 left unchanged.The EUR/USD pair fell from 1.1549 to 1.1469. It reversed lower after encountering resistance at the 200-period simple moving average (SMA) on the hourly chart. On the 4-hour chart, the price has shifted from above the 20-period moving average (MA) to below it, and on the daily chart, a downtrend along the 10-period MA is in effect, 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 37 level. Additionally, on the weekly chart, it is attempting to break below the 75-day MA support line.

Today’s economic indicators include: Japan’s machinery orders and foreign/domestic securities investment at 8:50 a.m.; Australia’s employment report at 9:30 a.m.; the Bank of Japan’s policy rate decision and statement around noon; Japan’s industrial production at 1:30 p.m.; a press conference by BOJ Governor Ueda at 3:30 p.m.; and 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, 21:30 US Initial Jobless Claims and Philadelphia Fed Business Outlook Index, 22:15 Eurozone ECB policy rate and statement, 22:45 Eurozone ECB President Lagarde press conference, and 23:00 US New Home Sales, US Wholesale Inventories, and US Leading Economic Index.We will be watching price movements during European trading hours to see if the pound, which has fallen against the US dollar, will extend its decline.