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EURCZK Approaching 100DMA Resistance

CZECHIA
  • USDCZK has been oscillating around the 24 level in the past week; ST resistance to watch on the topside stands at 24.22. On the downside, support to watch stands at 23.82.
  • EURCZK has been retracing higher in the past two weeks, gradually approaching its 100DMA resistance at 24.6550. Next level to watch on the topside stands at 24.7980 (61.8% Fibo of 24.09 - 25.94 range). On the downside, support to watch stands at 24.50.

Source: Bloomberg

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