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EURCZK Approaching 100DMA Resistance

CZECHIA
  • USDCZK has been consolidating lower in the past week amid broad USD weakness; the pair is currently trading slightly above the 24 level. Next support to watch on the downside stands at 23.82. On the topside, resistance to watch stands at 24.25.
  • EURCZK has been retracing higher in the past week, gradually approaching its ST resistance at 24.69 (100DMA). Next level to watch on the topside stands at 24.7980 (61.8% Fibo). On the downside, first support stands at 24.50, followed by 24.30.

Source: Bloomberg/MNI

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