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EURCZK Continues Its Bull Retracement

CZECHIA
  • USDCZK ticks higher this morning and is currently testing its 50DMA at 23.86%; next resistance to watch on the topside stands at 24. On the downside, support to watch stands at 23.50.
  • EURCZK continues to retrace higher this morning after finding support slightly above the 24.2660 level last week. ST resistance to watch on the topside stands at 24.50. On the downside, key support to watch stands at 24.09.

Source: Bloomberg

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  • USDCZK ticks higher this morning and is currently testing its 50DMA at 23.86%; next resistance to watch on the topside stands at 24. On the downside, support to watch stands at 23.50.
  • EURCZK continues to retrace higher this morning after finding support slightly above the 24.2660 level last week. ST resistance to watch on the topside stands at 24.50. On the downside, key support to watch stands at 24.09.

Source: Bloomberg