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EURCZK Currently Testing Key Support at 24.28

CZECHIA
  • USDCZK continues to retrace lower this morning, currently testing their 21.20 support; a break below that level would open the door for a move down to 21. On the topside, first resistance to watch stands at 21.50
  • EURCZK has also been retracing sharply lower this week, currently testing it key support at 24.28; next level to watch on the downside stands at 24. On the topside, first key resistance stands at 25.
  • RSI 14D indicator is showing that both pairs are currently 'oversold' following their strong consolidation.

Source: Bloomberg/MNI

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