(VIANEWS) – USD/CNH (USDCNH) has been up by 5.32% for the last 21 sessions. At 08:06 EST on Wednesday, 8 February, USD/CNH (USDCNH) is $6.79.
USD/CNH’s yearly highs and lows, it’s 0.297% up from its 52-week low and 0.041% down from its 52-week high.
News about
- Eur/usd forex signal: room for more downside – 06 February 2023. According to DailyForex on Monday, 6 February, "The EUR/USD price came under intense pressure after an extremely busy week that saw the Federal Reserve and the European Central Bank (ECB) make their first decisions of the year. ", "The EUR/USD pair made a bearish breakout on Friday and moved below the 38.2% Fibonacci Retracement level. "
- Two key prerequisites for substantial progress above 1.10 in eur/usd and 1.25 in gbp/usd – BMO. According to FXStreet on Monday, 6 February, "Economists at the bank of Montreal point out prerequisites needed to lift EUR/USD and GBP/USD above 1.10 and 1.25, respectively.", "Progress in the Ukraine war, limited disappointment in energy prices, and smooth global trade (‘Goldilocks’) may also be prerequisites for substantial progress above 1.10 in EUR/USD and 1.25 in GBP/USD."
- Eur/usd price analysis: treads water beyond 1.0760 key support. According to FXStreet on Monday, 6 February, "To sum up, EUR/USD stays on the buyer’s radar unless it breaks the 1.0760 support confluence.", "That said, bearish MACD signals also tease EUR/USD sellers but a convergence of the 200-SMA, lower line of the stated channel and the 50% Fibonacci retracement level of January-February upside, near 1.0760, restricts the short-term downside of the pair."
- Eur/usd dives beneath 1.0750 to 4-week lows around 1.0720s. According to FXStreet on Monday, 6 February, "After last Friday’s US NFP report, the EUR/USD broke crucial support at the 100-day Exponential Moving Average (EMA) at 1.0850. ", "The EUR/USD extended its fall to new four-week lows at around 1.0720s due to broad US Dollar (USD) strength after last Friday’s data reaffirmed the need for higher interest rates in the United States. "
- Eur/usd price analysis: stays pressured towards 50-dma support. According to FXStreet on Monday, 6 February, "However, a three-month-long upward-sloping trend line, close to 1.0655 could challenge the EUR/USD bears afterward.", "Overall, EUR/USD is likely to remain bearish with the 50-DMA and ascending trend line from November 11 acting as immediate support to watch."
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