(VIANEWS) – USD/CNH (USDCNH) has been up by 2.05% for the last 10 sessions. At 19:07 EST on Thursday, 25 January, USD/CNH (USDCNH) is $7.18.
USD/CNH’s yearly highs and lows, it’s 0.032% up from its 52-week low and 0.018% down from its 52-week high.
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- Eur/usd climbs sharply despite strong US pmis, ahead of ecb’s decision. According to FXStreet on Wednesday, 24 January, "The EUR/USD dipped and formed a ‘bearish engulfing’ chart pattern, which is being invalidated by a leg-up that has breached the 50-day moving average at 1.0922 and tests the 61.8% Fibonacci retracement at 1.0931. "
- Eur/usd advances to near 1.0890 after the mixed eurozone, German PMI data. According to FXStreet on Wednesday, 24 January, "The EUR/USD pair edges higher to near 1.0880 during the European session on Wednesday. ", "Additionally, the subdued US Treasury yields are contributing to downward pressure for the US Dollar (USD), which in turn, underpins the EUR/USD pair."
- Eur/usd price analysis: moves lower to near 1.0880 followed by the 38.2% fibonacci level. According to FXStreet on Thursday, 25 January, "The 14-day Relative Strength Index (RSI) for the EUR/USD pair is positioned below the 50 mark, indicating a bearish momentum in the market.", "This configuration suggests that the short-term moving average is lagging behind the long-term moving average, signaling a potential bearish momentum in the EUR/USD pair."
- Eur/usd rebounds into near-term median after US PMI surges above forecasts. According to FXStreet on Wednesday, 24 January, "Daily candlesticks have the EUR/USD stuck in the middle of a consolidation pattern between the 50-day and 200-day SMAs at 1.0920 and 1.0850, respectively. ", "A widening consolidation range is highlighting the increased volatility in the EUR/USD despite keeping the pair close to long-term support near 1.0850."
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