Today's CNY to EUR Price Update

Summary

This report provides the real-time exchange rate between the Chinese Yuan (CNY) and Euro (EUR), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Chinese Yuan (CNY) and the Euro (EUR) are both major global currencies. Their exchange rate reflects the relative economic strength and monetary policies of China and the Eurozone, as well as broader international trade dynamics.

Today’s Price

• 1 CNY = 0.121 EUR
• 24h High: 0.12152 EUR
• 24h Low: 0.12135 EUR

Market Analysis

Recently, the CNY/EUR exchange rate has shown slight fluctuations within a narrow range.

• Technical levels: Key support at 8.22029, resistance at 16.51342
• Risk note: Short-term volatility may occur due to economic data releases or policy changes
• Trading opportunities: Watch for potential movements towards the forecasted rates of €0.1214 within a week and €0.1221 within four weeks

Conclusion

Continue to monitor the CNY/EUR pair closely, considering both technical indicators and fundamental factors. Traders should stay informed about economic releases from both China and the Eurozone that could impact the exchange rate.