USD/CNH Bearish By 1% In The Last 10 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 1.18% for the last 10 sessions. At 18:06 EST on Monday, 12 August, USD/CNH (USDCNH) is $7.18.

USD/CNH’s yearly highs and lows, it’s 0.007% up from its 52-week low and 0.003% down from its 52-week high.

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  • Eur/usd appreciates above 1.0900, upside seems limited due to middle east tensions. According to FXStreet on Monday, 12 August, "Expectations for a potential interest rate cut by the Federal Reserve (Fed) in September could put pressure on the US Dollar (USD), potentially providing support for the EUR/USD pair. "
  • Eur/usd price forecast: 1.1000 appears to be a tough nut to crack for buyers. According to FXStreet on Monday, 12 August, "The EUR/USD pair trades with mild gains around 1.0920 during the early European session on Monday. ", " According to the daily chart, the bullish outlook of EUR/USD prevails as the major pair remains well above the key 100-day Exponential Moving Average (EMA). "

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