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USD/CNH Bearish Momentum With A 2% Fall In The Last 21 Sessions

ViaNews Editorial Team

December 14, 2023

USD/CNH Bearish Momentum With A 2% Fall In The Last 21 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 2.41% for the last 21 sessions. At 04:12 EST on Thursday, 14 December, USD/CNH (USDCNH) is $7.14.

USD/CNH's yearly highs and lows, it's 0.081% up from its 52-week low and 0.024% down from its 52-week high.

News about

  • Eur/usd analysis -temporary stop losses - 12 December 2023. According to DailyForex on Tuesday, 12 December, "There is no change in our technical view of the performance of the price of the EUR/USD currency pair. ", "Recently, The EUR/USD price stabilizes around the level of 1.0780 at the time of writing the analysis. "
  • Eur/usd remains capped below 1.0800, fed rate decision eyed. According to FXStreet on Wednesday, 13 December, "The EUR/USD pair remains capped under the 1.0800 mark during the early Asian trading hours on Wednesday. ", "Traders will take cues from this event and find trading opportunities around the EUR/USD pair."
  • Eur/usd forex signal: more downside ahead of FOMC decision - 13 December 2023. According to DailyForex on Wednesday, 13 December, "Forex Brokers We Recommend in Your Region See full brokers list 1 Read full review Get Started BrokerGeoLists.push({type:'ReviewsNonPartner',id:'horizontal-top-5',size:5,fullReviewText:`Read full review`,getStartedText:`Get Started`,readReviewText:`Review`});Bearish viewSell the EUR/USD pair and set a take-profit at 1.0720."
  • Eur/usd remains depressed below 1.0800, awaits fed ahead of ECB on Thursday. According to FXStreet on Wednesday, 13 December, "The EUR/USD pair edges lower on Wednesday, albeit manages to hold above the 100-hour Simple Moving Average (SMA) through the first half of the European session. ", "This, along with some repositioning trade ahead of the key central bank event risk, acts as a tailwind for the US Dollar (USD), which, in turn, is seen weighing on the EUR/USD pair."
  • Eur/usd price analysis: consolidates around 1.0765-70 area/100-day sma, US CPI awaited. According to FXStreet on Tuesday, 12 December, "Some follow-through buying has the potential to lift the EUR/USD pair back closer to the 1.0900 mark. ", "The EUR/USD pair extends its sideways consolidative price move for the second successive day on Tuesday and remains well within the striking distance of the monthly low, around the 1.0725-1.0720 region touched last week. "

More news about USD/CNH (USDCNH).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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