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EURCZK Finds Resistance at 100DMA

CZECHIA
  • CNB Governor Michl commented in some tweet posts yesterday that interest rates in Czech Republic are already at level that dampens domestic demand pressures.
  • Michl added that the reduction of inflation in the LT does not fully depend on monetary policy, but also on the credibility of whether the government is ready to stabilize debt.
  • EURCZK ticks lower this morning after finding resistance at its 100DMA yesterday; ST key support to watch on the downside stands at 24.50. On the topside, resistance to watch above 24.6390 (100DMA) stands at 24.6950 (200DMA).

Source: Bloomberg

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