(VIANEWS) – USD/CNH (USDCNH) has been up by 2.18% for the last 21 sessions. At 16:12 EST on Thursday, 7 December, USD/CNH (USDCNH) is $7.16.
USD/CNH’s yearly highs and lows, it’s 0.124% up from its 52-week low and 0.185% down from its 52-week high.
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- According to FXStreet on Tuesday, 5 December, "If the EUR/USD continues to fall, it may come into contact with the 100-day SMA at 1.0774 as a first point of support. ", "If the EUR/USD continues to fall, it may encounter the initial point of support at the December low of 1.0804 (December 4,5). "
- Eur/usd extends declines on Wednesday, heading for 1.0700. According to FXStreet on Wednesday, 6 December, "With economic headline figures missing the mark on both sides of the Atlantic, investor sentiment is facing a souring in the back half of the trading week, and the EUR/USD will need to drag itself through another print of Eurozone Gross Domestic Product (GDP) on Thursday, ahead of Friday’s US Nonfarm Payrolls (NFP) to close out the week’s trading.", "The EUR/USD is extending a backslide through the 200-day Simple Moving Average (SMA), cleanly breaking through the 1.0800 level and heading straight for the 50-day SMA at the 1.0700 handle."
- According to FXStreet on Tuesday, 5 December, "The Relative Strength Index (RSI) indicator on the daily chart declined toward 50 and EUR/USD fell below the lower limit of the ascending regression channel on Monday. ", "If EUR/USD confirms 1.0820 as resistance, technical sellers could show interest. "
- Eur/usd slips past 1.0800 on Tuesday amidst broad-market US dollar bid. According to FXStreet on Tuesday, 5 December, "The EUR/USD is down around four-tenths of a percent on Tuesday, with the Euro (EUR) declining 0.65% peak-to-trough against the US Dollar (USD) as markets see a fresh round of risk-off flows into safe havens.", "Continued bearish pressure will see a technical barrier from the 50-day SMA which has turned bullish and is rising into the 1.0700 handle, while bidders will be looking to stage a recovery back over the 200-day SMA before the EUR/USD slides too deep into retracement territory between 1.0750 and 1.0700."
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