July 22, 2024 08:20 GMT
CZK: Koruna Treads Water, EUR/CZK Hovers Around Fibo Retracement
CZK
EUR/CZK keeps testing support from the 23.6% retracement of its Jun 7 - Jul 15 upleg at 25.219, struggling to move much beyond that level. The pair last changes hands at 25.218 and a move through the 100-DMA at 25.069 would allow bears to take aim at te 50-/200-DMAs at 24.914/24.899. Bulls need a rebound above Jul 15 high of 25.430 to regain momentum.
- CZGB yields are mostly a touch lower across the curve ahead of the publication of the Finance Ministry's debt issuance calendar for August later today.
- The PX Index has given away 0.5% after hitting new multi-year highs last week.
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