USD/CNH Bearish Momentum: 0.92% Down In The Last 10 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 0.92% for the last 10 sessions. At 23:06 EST on Tuesday, 2 April, USD/CNH (USDCNH) is $7.25.

USD/CNH’s yearly highs and lows, it’s 0.036% up from its 52-week low and 0.08% down from its 52-week high.

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  • Eur/usd price analysis: maintains position below the psychological level of 1.0800. According to FXStreet on Monday, 1 April, "A break below this level could lead the EUR/USD pair to navigate the area around the psychological level of 1.0700.", "A breakthrough above this barrier could lead the EUR/USD pair to explore the region around the 23.6% Fibonacci retracement level of 1.0818 and the nine-day Exponential Moving Average (EMA) at 1.0820. "
  • Eur/usd price analysis: the next contention level is seen at 1.0720, oversold RSI condition eyed. According to FXStreet on Tuesday, 2 April, "The upbeat US ISM Manufacturing PMI for March lifts the US Dollar (USD) and drags the EUR/USD pair lower. ", "The EUR/USD pair extends its downside to 1.0730, the weekly low during the early European session on Tuesday. "
  • Eur/usd trades on a weaker note below 1.0800, investors await the US PMI data. According to FXStreet on Monday, 1 April, "The EUR/USD pair trades on a weaker note near 1.0787 on the renewed US dollar (USD) demand during the early Asian session on Monday. ", "The higher-for-longer stance from the Federal Reserve (Fed) provides some support to the Greenback and weighs on the EUR/USD pair. "
  • Eur/usd attracts some sellers near 1.0730, eyes on fedspeaks. According to FXStreet on Tuesday, 2 April, "The EUR/USD pair remains under selling pressure, reaching nearly weekly lows of 1.0730 on Tuesday during the early Asian trading hours. ", "The dovish comments from the ECB policymakers exert some selling pressure on the Euro (EUR) and act as a headwind for the EUR/USD pair. "

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