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FxWirePro- Major European Indices 
FxWirePro- Major Pair levels and bias summary 
- USD/CNY is currently trading around 6.8910 marks.
- It made intraday high at 6.8975 and low at 6.8756 levels.
- Intraday bias remains slightly bearish for the moment.
- A sustained close above 6.8965 marks will test key resistances at 6.9210, 6.9396, 6.9525 and 6.9620 marks respectively.
- Alternatively, a daily close below 6.8965 will drag the parity down towards key supports at 6.8750, 6.8525, 6.8348, 6.8210, 6.8095, 6.8020 and 6.7864 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- PBOC sets yuan mid-point at 6.9064 / dlr vs last close 6.8989.
We prefer to take long position on USD/CNY only above 6.8975, stop loss at 6.8750 and target of 6.9210.
