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Market Overview
EUR/CNY closed at 8.3282 on January 28, 2026, marking a 0.12% increase from the previous close but continuing a 30-day downtrend with a return of -0.13%. The pair remains below the 20-day SMA of 8.3316 and above the 5-day SMA of 8.3236, consistent with bearish momentum. The 50-day and 200-day DMAs are not provided, but technical indicators show the RSI near neutral levels, supporting the downtrend. Nearest support is around 8.31, with resistance near 8.34. Upcoming macroeconomic data and central bank communications may influence price action. For information only.
Last Updated 1/29/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.