EURCNH 20 Jul 2023. Looking at EURCNH on the H1 timeframe. After experiencing a bullish trend and briefly touching the R1 line, the pair then turned bearish and declined until today. the pair is now at 8.05968 after reaching 8.12151 yesterday before finally bouncing down towards S1. Down through the kumo on the ichimoku indicator, indicating that the bearish trend is still likely to continue. but on the other hand, if you look at the chart on the RSI indicator there is a possibility of a trend reversal after touching S1. keep an eye on market movements, understand other indications and supporting factors before taking trading positions.
