Free Trial

Resistance Remains Intact


Trend Needle Points North


Bearish Outlook


WTI Sees Lowest Close Since January


Key Support Remains Exposed

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
  • In the past month, EURCZK has been trading within a tight range between 24.67 and 24.77, with the pair receiving support at its 100DMA.
  • Risk off sentiment has been weighing on CEE FX this week, particularly HUF and PLN with the forint plunging to new all-time lows against the Euro and USD.
  • Interestingly, the CZK has not been significantly impacted by the recent selloff; the pair is trading slightly higher this morning, approaching its 24.7980 resistance, which corresponds to the 61.8% Fibo retracement of the 24.09 – 25.94 range.
  • A break above that level would open the door for a move up to 24.8880 (200DMA).
  • This morning, economic data showed that industrial output came in significantly higher than expected at 6.3% YoY in May (vs. 1.6% exp.), up from -6.4% the previous month.

Source: Bloomberg

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.