Free Trial

EURCZK Approaching 24.28 Key Support

CZECHIA
  • USDCZK continues to consolidate lower this morning, falling below the 21.50 support; next level to watch on the downside stands at 21.31. On the topside, first resistance now stands at 21.50, followed by 21.69 (200DMA).
  • EURCZK has also been retracing lower this week, gradually approaching its 24.28 key support (Sep 2012 levels). Next level to watch on the downside stands at 24. On the topside, first resistance to watch stands at 24.50.
  • Czech 10Y yield continues to retrace higher this week, breaking above the 3% resistance amid growing concerns over inflation risk; next resistance to watch on the topside stands at 3.50%. On the downside, first support to watch below 3% stands at 2.86%.

Source: Bloomberg/MNI

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.