(VIANEWS) - USD/CNH (USDCNH) has been up by 5.22% for the last 21 sessions. At 20:11 EST on Wednesday, 8 February, USD/CNH (USDCNH) is $6.80.
USD/CNH's yearly highs and lows, it's 0.119% up from its 52-week low and 0.026% down from its 52-week high.
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- Eur/usd price analysis: bullish doji, golden cross tease buyers above 1.0700. According to FXStreet on Wednesday, 8 February, "However, the recovery remains elusive unless the EUR/USD pair stays below the previous support line from early November 2022, around 1.0860.", "However, the 100-DMA and the 200-DMA, respectively around 1.0345 and 1.0320, could challenge the EUR/USD bears afterward."
- According to FXStreet on Tuesday, 7 February, "As of writing, the EUR/USD pair was trading at 1.0692, losing 0.35% on a daily basis."
- Eur/usd: long-term trend remains tilted to the upside – socgen. According to FXStreet on Tuesday, 7 February, "The rally in EUR/USD came to a shuddering halt after the dovish market interpretation of the ECB rate decision. ", "The longer-term trend for EUR/USD remains tilted to the upside thanks to the improved terms of trade, the boost in economic growth in China, narrowing of Fed/ECB policy spread and attractive valuation."
- Eur/usd rebound approaches 1.0750 amid sluggish markets, ecb, fed talks in focus. According to FXStreet on Tuesday, 7 February, "A sustained downside break of an ascending trend line from early November, around 1.0850 by the press time, keeps EUR/USD sellers hopeful amid bearish MACD signals and the downbeat RSI (14), not oversold. ", "Although the ECB hawks may try to keep the EUR/USD afloat, major attention will be given to the US policymakers' statements for clear directions amid hawkish Fed bets."
- Eur/usd bulls struggle around mid-1.0700s, focus on ECB talks, fed chair powell. According to FXStreet on Tuesday, 7 February, "It's worth noting, however, that the strong points of theEurozoneSentix Investor Confidence index, Retail Sales and German Factory Orders fail to put a bid under the EUR/USD prices as the ECB policymakers appear a bit less hawkish than their Fed counterparts. ", "Against this backdrop, US stock futures print mild gains and the equities in the Asia-Pacific region remain sidelined, which keeps the EUR/USD buyers hopeful ahead of speeches from the ECB and the Federal Reserve (Fed) officials. "
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