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USD/CNH Bearish Momentum With A 2% Fall In The Last 21 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 2.88% for the last 21 sessions. At 21:06 EST on Thursday, 28 December, USD/CNH (USDCNH) is $7.09.

USD/CNH’s yearly highs and lows, it’s 0.024% up from its 52-week low and 0.402% down from its 52-week high.

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  • Eur/usd forex signal: bulls prevail as a risk-on sentiment continues – 28 December 2023. According to DailyForex on Thursday, 28 December, "The EUR/USD price made a bullish breakout as the US dollar index continued its downtrend. ", "Forex Brokers We Recommend in Your Region See full brokers list 1 Read full review Get Started BrokerGeoLists.push({type:’ReviewsNonPartner’,id:’horizontal-top-5′,size:5,fullReviewText:`Read full review`,getStartedText:`Get Started`,readReviewText:`Review`});Bullish viewBuy the EUR/USD pair and set a take-profit at 1.1200."
  • Eur/usd surges over 1.1100 as markets continue to bet on fed rate cuts. According to FXStreet on Wednesday, 27 December, "The Euro jumped on Wednesday as broad-market flows pull down the US Dollar, sending the EUR/USD to a near-term high of 1.1120, extending recent bullish action further into the top end with the pair trading well above the 200-hour Simple Moving Average (SMA) near 1.0980.", "The EUR/USD is gaining ground in thin post-holiday markets as investors gear up for the new year and head towards 2024 with sentiment leaning notably risk-on, pushing the US Dollar (USD) down once more in the last partial trading week of the year."
  • Eur/usd clings to mild losses below 1.1040 as markets enter holiday mode. According to FXStreet on Wednesday, 27 December, "In the absence of top-tier US economic data from the Eurozone and the United States, risk sentiment is likely to remain the key driver behind the EUR/USD price action.", "That being said, the more hawkish remarks from the ECB might lift the Euro (EUR) and cap the downside of the EUR/USD pair. "
  • Eur/usd to hit 1.15 by end-2024 – ANZ. According to FXStreet on Thursday, 28 December, "Economists at ANZ Bank see a turning point for the EUR/USD and forecast the pair at 1.15 by the end of the next year.", "We think cyclical factors will also drive the EUR higher, based on a view that growth indicators are stabilising and the EUR/USD low has already been set for this cycle."
  • Eur/usd price analysis: remains confined in a narrow trading range near 1.1040. According to FXStreet on Wednesday, 27 December, "The EUR/USD pair oscillates in a narrow range during the early European session on Wednesday. ", " According to the four-hour chart, the positive outlook of EUR/USD remains intact as the major pair holds above the key 100-hour Exponential Moving Averages (EMA) with an upward slope. "

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