(VIANEWS) - USD/CNH (USDCNH) has been up by 1.66% for the last 10 sessions. At 06:10 EST on Thursday, 7 March, USD/CNH (USDCNH) is $7.21.
USD/CNH's yearly highs and lows, it's 0.04% up from its 52-week low and 0.069% down from its 52-week high.
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- Eur/usd flat-lines around mid-1.0800s; awaits rate-cut cues from fed and ECB. According to FXStreet on Tuesday, 5 March, "The EUR/USD pair struggles to capitalize on its strong gains registered over the past two days and oscillates in a narrow trading band during the Asian session on Tuesday. ", "This, in turn, makes it prudent to wait for strong follow-through buying before positioning for the EUR/USD pair's recent goodish rebound from sub-1.0700 levels, or a three-month low touched on February 14. "
- Eur/usd edges higher amid US data miss, ecb’s decision. According to FXStreet on Tuesday, 5 March, "Even though the data was mixed, the EUR/USD failed to gain steam as traders await the European Central Bank (ECB) decision on Thursday.", "The EUR/USD is tilted to the upside, sitting above all the daily moving averages (DMAs). "
- Eur/usd analysis: bulls attempting to reverse the trend - 05 March 2024. According to DailyForex on Tuesday, 5 March, "The euro's recovery in February has dissipated, and with short-term momentum indicators fading, this suggests that the upside for the EUR/USD will be contained below 1.0890, as markets await new clues about central bank policies. ", "Regarding the euro's outlook in the coming days, this is likely to weaken the euro and push the EUR/USD currency pair below 1.08, but we expect the movements to fade before the US job report on Friday, which is the main event for this week.EUR/USD Technical analysis and forecast:"
- Eur/usd price analysis: hovers around the major level of 1.0850 above nine-day EMA. According to FXStreet on Tuesday, 5 March, "On the upside, the immediate resistance levels for the EUR/USD pair are identified at the 38.2% Fibonacci retracement of 1.0864. ", "While a lagging indicator, this suggests a confirmation of the bullish momentum for the EUR/USD pair."
- Eur/usd consolidates around mid-1.0800s ahead of US data, fed’s powell. According to FXStreet on Wednesday, 6 March, "Hence, Fed Chair Jerome Powell's congressional testimony will play a key role in influencing the USD price dynamics and provide a fresh impetus to the EUR/USD pair.", "In the meantime, reduced bets for more aggressive policy easing by the ECB might continue to underpin the shared currency and help limit any corrective decline for the EUR/USD pair."
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