Will the pound, which has fallen against the U.S. dollar, continue to slide? Keep an eye on price movements during European trading hours.

Will the pound, which has fallen against the U.S. dollar, continue to slide? 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 held steady. The EUR/USD pair fell from 1.1549 to 1.1469, pulling back as it encountered resistance at the 200-period SMA on the hourly chart.On the 4-hour chart, the price has shifted from above the 20-MA to below it, and on the daily chart, a downtrend along the 10-MA is in effect, with the price 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 developed along the -3σ line of the hourly Bollinger Bands.On the 4-hour chart, the price is moving from above the 20-period moving average (MA) to below it, while on the daily chart, the RSI is hovering around 37 as the pair attempts to set a new year-to-date low. Meanwhile, on the weekly chart, the price is attempting to break below the support line formed by the 75-period 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;at 3:30 p.m., Japan’s BOJ Governor Ueda’s press conference; at 4:00 p.m., the UK’s employment report; at 5:30 p.m., the Swiss National Bank’s (SNB) policy rate and statement; at 6:00 p.m., Swiss National Bank Governor Schlegel’s press conference; at 7:00 p.m., the Eurozone’sConstruction Output, 21:00 UK: BOE Policy Rate and Statement, 21:30 US: Initial Jobless Claims, US: Philadelphia Fed Business Outlook Index, 22:15 Eurozone:ECB policy rate and statement, a press conference by ECB President Lagarde at 10:45 p.m., and U.S. new home sales, U.S. wholesale inventories, and the U.S. Leading Economic Index at 11:00 p.m.We’ll be watching price movements during European trading hours to see if the pound, which has fallen against the U.S. dollar, will extend its decline.