Should we gauge the direction of currency strength and weakness while keeping an eye on remarks by key figures in the U.S.?

Should we gauge the direction of currency strength and weakness while keeping an eye on remarks by key figures in the U.S.?

14.04.2026

In yesterday's U.S. currency trading, the U.S. dollar fell against the euro.The EUR/USD pair rose from 1.1664 to 1.1765. This pushed the hourly RSI from 43 to 74 and caused the price to move from below the 20-day moving average (MA) to above it. On the 4-hour chart, the 20-day MA is acting as a support level, and the price is rising sharply; on the daily chart, the pair has risen for six consecutive days. A band walk was observed at the +2σ level of the Bollinger Bands.

Among European currencies, the euro fell against the pound.The euro-pound pair fell from 0.8722 to 0.8696. On the hourly chart, it has dropped from the +2σ to the -2σ Bollinger Bands. On the 4-hour chart, it is searching for direction just below the 20-day moving average (MA), and on the daily chart, it is currently testing a break below the 200-day simple moving average (SMA) support line. Meanwhile, on the weekly chart, the upside is being capped by the trend line drawn from last November.

Today’s schedule includes UK BRC same-store sales at 8:01, the Australian Westpac Consumer Confidence Index at 9:30, the Australian NAB Business Confidence Index at 10:30, Japan’s Industrial Production at 13:30, remarks by UK MPC member Mann at 17:50, the US NFIB Small Business Optimism Index at 19:00, the US Producer Price Index(PPI), 11:00 PM UK MPC Member Green’s remarks, 1:05 AM UK BOE Governor Bailey’s remarks, 1:45 AM US Fed Governor Barr’s remarks, 2:00 AM US Philadelphia Fed President Paulson’s remarks, and 6:00 AM the following day European ECB President Lagarde’s remarks are scheduled.We will monitor currency strength and weakness while paying close attention to remarks by key figures during U.S. trading hours.