(VIANEWS) - USD/CNH (USDCNH) has been up by 1.26% for the last 10 sessions. At 10:10 EST on Thursday, 18 January, USD/CNH (USDCNH) is $7.22.
USD/CNH's yearly highs and lows, it's 0.165% up from its 52-week low and 0.042% down from its 52-week high.
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- Eur/usd price analysis: edges lower to near 1.0910, MACD suggests trend change to bearish. According to FXStreet on Tuesday, 16 January, "A breakthrough above the latter could inspire the EUR/USD pair's bulls to explore the region around the psychological level at 1.1000 followed by January's high at 1.1038.", "A break below the support zone could put pressure on the EUR/USD pair to navigate the further region around the 38.2% Fibonacci retracement at 1.0867 level followed by the major support at 1.0850 level."
- According to FXStreet on Tuesday, 16 January, "The EUR/USD fell to its lowest bids since mid-December, knocking below the 1.0900 handle and testing into 1.0870 as bearish pressure builds enough to knock the pair out of near-term consolidation.", "The EUR/USD is approaching the 200-day Simple Moving Average (SMA) near 1.0850, cutting cleanly through the 50-day SMA at 1.0900 as the pair heads into a technical congestion zone. "
- Eur/usd seen at risk of dipping to 1.05 on a thee-month view – rabobank. According to FXStreet on Tuesday, 16 January, "We see risk of EUR/USD dipping to 1.05 on a thee-month view mostly on the back of the market pushing back its expectations regarding Fed rate cuts."
- Eur/usd analysis: stability with a bearish bias - 16 January 2024. According to DailyForex on Tuesday, 16 January, "Regarding the near-term EUR/USD outlook, the analyst says: "Broader technical signals continue to point to a major peak/reversal forming around the Euro top above the 1.11 resistance at the turn of the year. ", "For his part, Tanmay Purohit, a technical analyst at Société Générale, said, "The EUR/USD price's move upward from its lowest levels in October 2023 faced temporary resistance near the 1.1100-1.1150 graphic levels, which represents its highest levels in April 2023"."
- Eur/usd price analysis: hovers above the 38.2% fibonacci, edges lower to near 1.0870. According to FXStreet on Wednesday, 17 January, "If the EUR/USD pair manages to break above the 1.0950 level, it could inspire bullish momentum, allowing traders to explore the region around the psychological level at 1.1000. ", "The 14-day Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, for the EUR/USD pair, is positioned below the 50 mark, indicating a bearish momentum in the market. "
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