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EURCZK Fails To Break LT Downward Trending Support Line

CZECHIA
  • EURCZK retraces higher after failing to break its LT downward trending support line several times in the past week.
  • Next support to watch on the downside stands at 25.27 (March 2020 low), followed by 25.
  • On the topside, resistance to watch above 25.50, stands at 25.74, followed by 25.84 (50D SMA).

Source: Bloomberg/MNI

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