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EURCNH 31 Jul 2024 On the daily timeframe, EURCNH appears to be initiating bullishness after previously continuing to experience a bearish trend. The pair dropped from a price position of 7.94552 to a position of 7.83457 before turning up and is now at a price position of 7.84410. The pair managed to make the kumo cloud a support which helped it reverse the trend and bounce up. On the stochastic indicator, the chart is around the 30 level, indicating the potential for further strengthening as the bullish trend recovers.
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