(VIANEWS) – USD/CNH (USDCNH) has been up by 1.07% for the last 10 sessions. At 06:06 EST on Tuesday, 9 April, USD/CNH (USDCNH) is $7.24.
USD/CNH’s yearly highs and lows, it’s 0.048% up from its 52-week low and 0.057% down from its 52-week high.
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- Eur/usd price analysis: falls to near 1.0830 as bearish stance remains robust. According to FXStreet on Monday, 8 April, "The EUR/USD pair could find immediate support at the psychological level of 1.0800. ", "A breakthrough above this level could lead the EUR/USD pair to explore the 61.8% Fibonacci retracement level of 1.0883, followed by the psychological level of 1.0900."
- Eur/usd penned in as traders await US CPI. According to FXStreet on Tuesday, 9 April, "US yields are highly correlated to the US Dollar and, therefore, negatively correlated with the EUR/USD pair. ", "German yields are rising faster than US yields according to Gregor Horvat of advisory firm Wavetraders, which may explain why EUR/USD keeps going higher despite the strong US data."
- Eur/usd forex signal: consolidating below $1.0848 – 08 April 2024. According to DailyForex on Monday, 8 April, "My previous EUR/USD signal on 26thMarchproduced a profitable short trade from the resistance level which I had identified at $1.0855.", "In my previous analysis ofthe EUR/USD currency pairalmost two weeks ago, I wrote that although there was a descending trend line above, as there were several support and resistance levels so close by, the price was likely to range and be prone to reversals. "
- Eur/usd weekly forecast: choppy trading routine as outlooks remain unclear – 07 April 2024. According to DailyForex on Sunday, 7 April, "The EUR/USD is likely to remain choppy and technical traders who do not like to hear too much about fundamentals may actually have solid reasons for simply looking at support and resistance levels in the coming days. ", "Trading early this week should be watched carefully in order to gauge behavioral sentiment which remains fragile, but if the EUR/USD remains stable in the first handful of hours on Monday this could begin to prove Forex now believes the existing price range is balanced. "
- Eur/usd rebounds to 1.0850 as market sentiment improves, US inflation in focus. According to FXStreet on Monday, 8 April, "The EUR/USD pair bounces back to 1.0850 in Monday’s early American session as appeal for risky assets improve. "
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