Free Trial

EURCZK Approaching 24.09 Support

CZECHIA
  • USDCZK ticks higher this morning after finding a local low at 21.1270 yesterday; next ST support to watch on the downside stands at 21. On the topside, first resistance to watch stands at 21.36, followed by 21.50.
  • EURCZK has been consolidating lower this week, gradually approaching its ST support at 24.09, which was the low reached on Feb 3 (Thursday). Next support to watch on the downside stands at 24. On the topside, key resistance to watch stands at 24.50.

Source: Bloomberg

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.