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EURCZK Falls Below 100DMA

CZECHIA
  • USDCZK has been consolidating lower in the past week after finding a local high at 23.8770; ST support to watch on the downside stands at 23.2330 (50DMA). On the topside, key ST resistance to watch stands at 24.
  • EURCZK has been retracing slightly lower this week, currently trading slightly below its 100DMA at 24.6810; next support to watch on the downside stands at 24.50. On the topside, resistance to watch stands at 24.7710.

Source: Bloomberg/MNI

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