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EURCZK Continues Its Bull Retracement

CZECHIA
  • USDCZK ticks higher this morning, currently trading slightly below its 22.50 resistance. ST resistance to watch above that stands at 22.70. On the downside, support to watch stands at 22.19.
  • EURCZK has been retracing higher in the past two days after finding support at its 50DMA; ST resistance to watch on the topside stands at 24.95 (100DMA). On the downside, support to watch below 24.66 (50DMA) stands at 24.50.

Source: Bloomberg/MNI

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