(VIANEWS) - USD/CNH (USDCNH) has been up by 5.57% for the last 21 sessions. At 19:06 EST on Tuesday, 7 February, USD/CNH (USDCNH) is $6.77.
USD/CNH's yearly highs and lows, it's 0.03% up from its 52-week low and 0.09% down from its 52-week high.
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- Eur/usd price analysis: stays pressured towards 50-dma support. According to FXStreet on Monday, 6 February, "Overall, EUR/USD is likely to remain bearish with the 50-DMA and ascending trend line from November 11 acting as immediate support to watch.", "As a result, the EUR/USD pair's further downside towards the 50-DMA, around 1.0690, appears imminent."
- According to FXStreet on Monday, 6 February, "Assuming that the China reopening story continues to evolve positively, we think this confluence of factors can drive EUR/USD steadily higher throughout 2023. ", "Sustained EUR/USD gains beyond 1.15 may be harder to achieve in the second half - especially if US debt ceiling negotiations are pushed to the limit."
- Eur/usd price analysis: treads water beyond 1.0760 key support. According to FXStreet on Monday, 6 February, "That said, bearish MACD signals also tease EUR/USD sellers but a convergence of the 200-SMA, lower line of the stated channel and the 50% Fibonacci retracement level of January-February upside, near 1.0760, restricts the short-term downside of the pair.", "To sum up, EUR/USD stays on the buyer's radar unless it breaks the 1.0760 support confluence."
- Eur/usd forex signal: room for more downside - 06 February 2023. According to DailyForex on Monday, 6 February, "The EUR/USD price came under intense pressure after an extremely busy week that saw the Federal Reserve and the European Central Bank (ECB) make their first decisions of the year. ", "The EUR/USD pair made a bearish breakout on Friday and moved below the 38.2% Fibonacci Retracement level. "
- Eur/usd price analysis: licks its wounds below 1.0820 key hurdle. According to FXStreet on Monday, 6 February, "In a case where EUR/USD remains firmer past 1.1035, the odds of witnessing a rally toward the March 2022 high near 1.1185 can't be ruled out.", "It's worth noting that the previous monthly low near 1.0480 acts as an extra filter towards the south before welcoming the EUR/USD bears."
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