(VIANEWS) – USD/CNH (USDCNH) has been up by 4.33% for the last 21 sessions. At 06:06 EST on Thursday, 16 February, USD/CNH (USDCNH) is $6.86.
USD/CNH’s yearly highs and lows, it’s 0.213% up from its 52-week low and 0.131% down from its 52-week high.
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- Eur/usd price analysis: bulls cheer triangle breakout to aim for 1.0780 hurdle. According to FXStreet on Tuesday, 14 February, "Even if the EUR/USD pair declines below 1.0680, the lower line of the triangle, close to 1.0650, could act as the last defense of the buyers.", "With this, the EUR/USD buyers are on the way to the 200-bar Simple Moving Average (SMA), around 1.0780 by the press time. "
- Eur/usd price analysis: bearish channel, 200-hma challenge latest run-up. According to FXStreet on Tuesday, 14 February, "It’s worth noting, however, that a convergence of the 200-Hour Moving Average (HMA) joins the top line of a one-week-old descending trend channel to offer a tough nut to crack for the EUR/USD bulls around 1.0780.", "Should the EUR/USD pair remains bearish past 1.0655, the odds of witnessing a slump toward January’s low near 1.0485 can’t be ruled out."
- According to FXStreet on Tuesday, 14 February, "Nevertheless, any meaningful divergence from the expected readings should infuse some volatility in the markets and allow traders to grab short-term opportunities around the EUR/USD pair.", "Dhwani also outlines important technical levels to trade the EUR/USD pair: "Buyers need to find acceptance above the 1.0750 psychological barrier to build on the recovery from five-week lows of 1.0655. "
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