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EURCZK Testing Its 25.20 Support Ahead of CNB Meeting

CZECHIA
  • USDCZK has been gradually consolidating lower this month, currently trading slightly above its 50DMA (22.27); a break below that level would open the door for a move down to 22. On the topside, first resistance stands at 22.50, followed by 22.6850.
  • EURCZK has been testing its 25.20 support in recent days after consolidating lower this month; a break below that level would open the door for a move down to 25. On the topside, resistance to watch stands at 25.36.
  • Czech 10Y yield has been testing its 2.67% resistance in recent days; a break above that level would open the door for a move up to 2.74%. On the downside, support to watch stands at 2.54% (50DMA).

Source: Bloomberg/MNI

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