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EURCZK Approaching Its 100DMA Resistance

CZECHIA
  • USDCZK has been testing its 24 support line in the past few days; a break below that level would open the door for a move down to 23.82. On the topside, resistance to watch stands at 24.25.
  • EURCZK continues to retrace higher this morning, gradually approaching its ST resistance at 24.6350 (100DMA). Next level to watch on the topside stands at 24.7980 (61.8% Fibo of the 24.09 – 25.9360 range). On the downside, support to watch stands at 24.50.

Source: Bloomberg/MNI

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