(VIANEWS) – USD/CNH (USDCNH) is currently on bullish momentum. At 13:06 EST on Monday, 26 September, USD/CNH (USDCNH) is at 7.1720, 0.768% up since the last session’s close.
USD/CNH (USDCNH) Range
Regarding USD/CNH’s daily highs and lows, it’s 0.907% up from its trailing 24 hours low of $7.11 and 0.49% up from its trailing 24 hours high of $7.14.
USD/CNH’s yearly highs and lows, it’s 0.907% up from its 52-week low and 0.024% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/CNH’s Forex is considered to be oversold (<=20).
News about EUR/USD
- Eur/usd retreats towards 0.9600 as russia-linked risk-aversion, hawkish fedspeak propels DXY. According to FXStreet on Monday, 26 September, "Six-month-old bearish channel and sustained trading below the previous key support line from July, now resistance around 0.9830, keep the EUR/USD sellers hopeful.", "Elsewhere, the global ire towards Russia’s plan to deploy more troops around Ukraine also exerted downside pressure on the EUR/USD prices, via the US dollar strength. "
- Eur/usd forecast: euro crashes through the 0.97 level – 26 September 2022. According to DailyForex on Monday, 26 September, "After this massive selling move, I think it is probably only a matter of time before the sellers come in and pushes market lower, but I would like to see a rally as I don’t want to "chase the trade." The market has been in a downtrend since the Great Financial Crisis, when the EUR/USD pair reached the 1.65 level."
- Eur/usd signal: still bearish after the italian election – 26 September 2022. According to DailyForex on Monday, 26 September, "The EUR/USD pair continued falling as Italians propelled Giorgia Meloni to become the prime minister following the recent resignation of Mario Draghi. ", "The EUR/USD price continued falling as the strong US dollar continued its bullish trend. "
- Eur/usd dribbles at 20-year low around 0.9700, ECB vs. fed, Italy’s election results eyed. According to FXStreet on Sunday, 25 September, "It should be noted that Russia’s warning of using nuclear weapons if needed to battle with the West and the G7 efforts to muster courage against Moscow also weighed on the risk appetite and drowned the EUR/USD prices. ", "A two-month-old support line near 0.9650 restricts immediate downside of the EUR/USD pair. "
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