USD/CNH Bearish Momentum With A 2% Drop In The Last 21 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 2.05% for the last 21 sessions. At 15:11 EST on Tuesday, 2 January, USD/CNH (USDCNH) is $7.15.

USD/CNH’s yearly highs and lows, it’s 0.599% up from its 52-week low and 0.029% down from its 52-week high.

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  • Eur/usd forecast: January 2024 – 01 January 2024. According to DailyForex on Monday, 1 January, "Having challenged highs near the 1.11400 level may be a looking glass into EUR/USD speculative outlooks. ", "The first two weeks of the month delivered a test of emotional fortitude for EUR/USD speculators, particularly if they had bullish sentiment. "
  • Eur/usd stays near 1.1030, focus on US ISM manufacturing pmi, FOMC minutes. According to FXStreet on Tuesday, 2 January, "In the year 2023, the EUR/USD pair closed at 1.1036, up by 3.16% after two consecutive years of decline. "
  • Eur/usd price analysis: the key support level is seen at 1.1000. According to FXStreet on Tuesday, 2 January, "The EUR/USD pair loses momentum for the fourth consecutive day during the early European session on Tuesday. ", " From the technical perspective, EUR/USD keeps the negative outlook unchanged on the four-hour chart as the major pair holds below the key 100-hour Exponential Moving Averages (EMA). "
  • Eur/usd forex signal: break and retest pattern is forming – 02 January 2024. According to DailyForex on Tuesday, 2 January, "The EUR/USD exchange rate continued retreating on Tuesday after peaking at 1.1138 last week. ", "The EUR/USD price pulled back at the start of the new year as traders started coming back to the market after the Christmas holiday. "

More news about USD/CNH (USDCNH).

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