This report provides the real-time exchange rate between the Chinese Yuan Renminbi (CNY) and the Euro (EUR), helping traders quickly grasp market dynamics and identify potential trading opportunities.
Definition
The Chinese Yuan Renminbi (CNY) is the official currency of China and a major fiat currency in global trade, while the Euro (EUR) is the common currency of the Eurozone and a key reserve currency. The exchange rate between them reflects market perceptions of both currencies’ relative strength and investor confidence in their respective economic stability.
Today’s Price
1 CNY = 0.122 EUR
24h High: 0.12197 EUR
24h Low: 0.12188 EUR
Market Analysis
The CNY/EUR pair continues to trade near key technical levels, with technical analysis tools including moving averages, MACD, RSI, and Stochastics providing guidance for traders.
Technical levels: Price action remains close to both support and resistance zones, indicating consolidation phases in the market
Technical indicators: Moving averages and oscillators are being monitored for potential buy/sell signals
Trading opportunities: Watch for breakouts from current consolidation levels and monitor technical analysis signals for potential entry and exit points
Conclusion
Continue to monitor the CNY/EUR pair closely, integrating technical analysis tools and chart indicators with market sentiment. Traders should remain alert to potential volatility and utilize common technical indicators to optimize trading strategies and capitalize on emerging opportunities.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Today's CNY to EUR Price Update
Summary
This report provides the real-time exchange rate between the Chinese Yuan Renminbi (CNY) and the Euro (EUR), helping traders quickly grasp market dynamics and identify potential trading opportunities.
Definition
The Chinese Yuan Renminbi (CNY) is the official currency of China and a major fiat currency in global trade, while the Euro (EUR) is the common currency of the Eurozone and a key reserve currency. The exchange rate between them reflects market perceptions of both currencies’ relative strength and investor confidence in their respective economic stability.
Today’s Price
Market Analysis
The CNY/EUR pair continues to trade near key technical levels, with technical analysis tools including moving averages, MACD, RSI, and Stochastics providing guidance for traders.
Conclusion
Continue to monitor the CNY/EUR pair closely, integrating technical analysis tools and chart indicators with market sentiment. Traders should remain alert to potential volatility and utilize common technical indicators to optimize trading strategies and capitalize on emerging opportunities.