(VIANEWS) – USD/CNH (USDCNH) has been up by 5.57% for the last 21 sessions. At 18:06 EST on Sunday, 26 March, USD/CNH (USDCNH) is $6.87.
USD/CNH’s yearly highs and lows, it’s 0.048% up from its 52-week low and 0.019% down from its 52-week high.
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- Eur/usd edges lower, and tests 1.0750 support as a triple bottom stays in play. According to FXStreet on Saturday, 25 March, "The EUR/USD failed to hold to its previous gains, though the triple bottom chart pattern remains in play as long as it stays above 1.0759. "
- According to FXStreet on Saturday, 25 March, "We have highlighted one supportive factor for EUR/USD as being the relative resilience of euro-zone banks compared to the US highlighted by the outperformance of the Euro Stoxx 600 Bank Index which is currently around unchanged on a year-to-date basis compared to more than a 20% drop for the S&P 500 equivalent.", "If confidence in European banks continues to deteriorate it seems highly likely that the correction lower in EUR/USD could have further to go. "
- Eur/usd: seen at 1.05 in three months – rabobank. According to FXStreet on Saturday, 25 March, "In view of prevailing tensions we have not at this time revised our forecast of a dip in EUR/USD to 1.05 on a 3 month view, although we are clearly watching events carefully. ", "Analyst at Rabobank maintain their one and three month forecasts for the EUR/USD pair at 1.06 and 1.05 respectively, but they tweaked their six and 12-month forecast, pushing them slightly higher."
- Eur/usd to reach 1.13 by end-2023 – wells fargo. According to FXStreet on Friday, 24 March, "But an extended period of US Dollar depreciation is fast approaching, wchi should lift EUR/USD to 1.13 by the end of the year, economists at Wells Fargo report.", "After the period of brief greenback stability in early 2023, we think the prospects for the Euro will brighten, and expect the EUR/USD exchange rate to reach 1.13 by the end of this year."
- Eur/usd price analysis: bears flirt with golden fibonacci ratio, focus on 1.0765-60. According to FXStreet on Friday, 24 March, "It should be noted that the RSI’s U-turn from the overbought territory breaks short-term support and the MACD also teases bears, which in turn suggests the EUR/USD pair’s further downside even if the 61.8% Fibonacci retracement of February-March fall prods sellers of late.", "Alternatively, the EUR/USD pair’s recovery moves may initially aim for the support-turned-resistance line stretched from Monday, near 1.0885 at the latest."
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