USD/CNH Bearish Momentum With A 1% Drop In The Last 10 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 1.23% for the last 10 sessions. At 06:08 EST on Tuesday, 1 October, USD/CNH (USDCNH) is $7.02.

USD/CNH’s yearly highs and lows, it’s 0.32% up from its 52-week low and 0.074% down from its 52-week high.

News about

  • Eur/usd price forecast: flat lines below 1.1200 ahead of German consumer inflation data. According to FXStreet on Monday, 30 September, "From a technical perspective, the EUR/USD pair remains confined in a multi-day-old trading band. ", "This makes it prudent to wait for a sustained breakout through the aforementioned short-term trading range before confirming and positioning for the next leg of a directional move for the EUR/USD pair."
  • Eur/usd flat lines below mid-1.1100s ahead of eurozone cpi, US macro data. According to FXStreet on Tuesday, 1 October, "Conversely, the reaction to a higher reading is likely to remain limited amid a modest US Dollar (USD) strength, suggesting that the path of least resistance for the EUR/USD pair is to the upside.", "The EUR/USD pair struggles to gain any meaningful traction following the previous day’s pullback from the vicinity of the 14-month peak - levels just above the 1.1200 mark and oscillates in a narrow band during the Asian session on Tuesday. "

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