(VIANEWS) – USD/CNH (USDCNH) has been up by 5.31% for the last 21 sessions. At 22:08 EST on Monday, 23 January, USD/CNH (USDCNH) is $6.77.
USD/CNH’s yearly highs and lows, it’s 0.078% up from its 52-week low and 0.061% down from its 52-week high.
- Eur/usd bulls keep 1.0900 on radar amid hawkish ECB talks, US GDP eyed. According to FXStreet on Sunday, 22 January, "Although overbought RSI and the 1.0900 hurdle challenged EUR/USD bulls of late, a five-week-old resistance-turned-support line, near 1.0780, restricts the bear’s entry.", "Additionally, the recently upbeat comments from the European authorities, expecting softer economic contraction than initially feared, also underpin the EUR/USD upside. "
- According to FXStreet on Monday, 23 January, "At the time of writing, EUR/USD is moving up on Lagard’s comments and has rallied from a low of 1.0845 to a high of 1.0926 so far."
- Eur/usd price analysis: bulls are well-set to poke 1.0955 hurdle. According to FXStreet on Monday, 23 January, "In a case where the EUR/USD pair remains firmer past 1.1000, March 2022 peak surrounding 1.1185 will be in focus.", "Following that, the 61.8% Fibonacci retracement level of the EUR/USD pair’s February-September 2022 downturn, around 1.0750, could lure the bears."
- Eur/usd grinds below 1.0900 around nine-month high ahead of eurozone/us pmis. According to FXStreet on Monday, 23 January, "ECB President Christine Lagarde’s comments suggesting further rate hikes to tame inflation were the latest to favor the EUR/USD bulls. ", "Moving on, the EUR/USD buyers are likely to keep the reins amid cautious optimism and hawkish ECB commentary. "
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