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USD/CNH Bearish Momentum: 0.91% Down In The Last 10 Sessions

USD/CNH Bearish Momentum: 0.91% Down In The Last 10 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 0.91% for the last 10 sessions. At 03:06 EST on Friday, 29 March, USD/CNH (USDCNH) is $7.25.

USD/CNH's yearly highs and lows, it's 0.015% up from its 52-week low and 0.135% down from its 52-week high.

News about

  • Eur/usd could head to 1.0780 and perhaps 1.0750 under 1.0800 support – ING. According to FXStreet on Thursday, 28 March, "We suspect that if it were not for month-end portfolio re-balancing flows, EUR/USD would be trading below 1.0800 now. ", "Under 1.0800 support, we could see EUR/USD heading to 1.0780 and perhaps 1.0750. "
  • Eur/usd analysis: tight range trading - 27 March 2024. According to DailyForex on Wednesday, 27 March, "Ultimately, both oscillation indicators have ample room for decline before reflecting exhaustion among sellers, so the EUR/USD may continue following the same approach.", "The price of the EUR/USD pair formed higher lows connected to the downtrend line, which remained intact throughout the month. "
  • Eur/usd can stabilise around 1.0850 – ING. According to FXStreet on Wednesday, 27 March, "On Tuesday, EUR/USD temporarily moved above 1.0850 before ending the day at roughly unchanged levels. ", "Looking again at this week, we do not see major catalysts for a break higher or lower in EUR/USD unless US core PCE surprises (consensus is clustered at 0.3% month-on-month). "
  • Eur/usd forex signal: extremely bearish below 1.0800 ahead of PCE data - 28 March 2024. According to DailyForex on Thursday, 28 March, "The EUR/USD exchange rate drifted downwards after the important economic numbers from Europe. ", "The EUR/USD pair continued its downward trend on Wednesday morning ahead of the upcoming US GDP and Personal Consumption Expenditures (PCE) reports. "

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