(VIANEWS) – USD/CNH (USDCNH) has been up by 1.59% for the last 10 sessions. At 09:08 EST on Friday, 1 March, USD/CNH (USDCNH) is $7.21.
USD/CNH’s yearly highs and lows, it’s 0.105% up from its 52-week low and 0.022% down from its 52-week high.
News about
- Eur/usd to continue trading within 1.0500-1.1000 range in the near term – Goldman Sachs. According to FXStreet on Wednesday, 28 February, "A more compelling case for a breakout in the EUR/USD pair would likely stem from either a notable divergence in monetary policy between the European Central Bank and the Federal Reserve or a convergence in the economic cycles of the Eurozone and the United States."
- According to FXStreet on Thursday, 29 February, "The Euro shows little to no reaction to the above report, with EUR/USD flatlining near 1.0835, at the press time."
- Eur/usd analysis: beware of renewed selling – 28 February 2024. According to DailyForex on Wednesday, 28 February, "According to the performance on the daily chart attached, the price of the EUR/USD currency pair is in a neutral position, and the general upward trend will not be confirmed without moving towards the psychological resistance level of 1.1000 again. ", "On the other hand, over the same period of time, the EUR/USD pair will return to its broader downward path by moving towards the 1.0730 support level again. "
- Eur/usd dips as investors eye us, eu’s inflation data. According to FXStreet on Wednesday, 28 February, "At the time of writing, the EUR/USD edges lower 0.12% and exchanges hands at 1.0830.", "From a technical perspective, the EUR/USD is trading sideways, though in the last couple of days, achieved remained above the 200-day moving average (DMA), which lies at 1.0827. "
- Eur/usd price analysis: depreciates to near 1.0830 followed by 21-day EMA. According to FXStreet on Thursday, 29 February, "On the upside, the immediate resistance levels for the EUR/USD pair are identified at the major level of 1.0850 followed by the 38.2% Fibonacci retracement level of 1.0864.", "A break below this support zone could prompt the EUR/USD pair to target the further the major level of 1.750 with an aim to navigate the region around the psychological level of 1.0700 aligned with February’s low at 1.0694 level."
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