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EURCZK Continues To Trade Within Its 24.67 - 24.77 Range

CZECHIA
  • USDCZK ticks slightly higher this morning after finding support at 23.32 yesterday; ST support to watch on the downside stands at 23.27 (50DMA). On the topside, first resistance to watch stands at 23.50, followed by 23.6020.
  • EURCZK continue to trade within its tight range between 24.67 – 24.77 following the CNB decision; ST resistance to watch above 24.77 stands at 24.7980, which corresponds to the 61.8% Fibo retracement of the 24.0940 – 25.9360 range. Key resistance remains at 24.9220 (200DMA). On the downside, support to watch below 24.67 stands at 24.50.

Source: Bloomberg

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