Free Trial

EURCZK Breaks Below 24.20 Support

CZECHIA
  • USDCZK has been consolidating sharply lower this week ahead of the CNB meeting; the pair is currently trading slightly above the 21.40 level. Next support to watch on the downside stands at 21.16. On the topside, first resistance stands at 21.50, followed by 21.70 (200DMA).
  • Momentum on EURCZK remains firm; the pair broke below its 24.20 support and continues to test new lows. Next support to watch on the downside stands at 24. On the topside, first resistance stands at 24.35, followed by 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.