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Koruna Outperforms CE3 Peers

CZK

EUR/CZK refreshed cyclical highs at 25.417 before pulling back. The rate last sits -0.014 at 25.339, with bears still looking for a sell-off past Jan 2 high of 24.867, while bulls eye a test of May 11, 2022 high of 25.486. The RSI has moved into overbought territory (last sits at 75.6), while the spot rate continues to flirt with the upper Bollinger band.

  • PLN/CZK has slipped to last sit at 5.8314 as the CZK comfortably outperforms its CE3 peers. The pair's downtick over the past two days has allowed the RSI to return from overbought territory and cross back below the 70 threshold.
  • The local economic docket is empty today, with January CPI data coming up tomorrow morning (08:00GMT/09:00CET).

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