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Koruna Continues To Edge Higher After Clearing Key Moving Average

CZK

EUR/CZK drifts lower, with the koruna outperforming all its EMEA peers other than the ILS and ISK, amid muted domestic headline flow. This marginal koruna strength might be linked to yesterday's breach of key support from the ascending 50-DMA, which crosses at 25.312.

  • With the pair last dealing -0.007 at 25.288, bears look to force a move towards the psychologically significant 25.000 figure. On the flip side, Feb 15 high of 25.519 continues to provide a key hawkish target.
  • Czechia's headline flow has offered little to write home about, with local media coverage focusing on Prime Minister Fiala's ongoing visit to the US.

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