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USDCZK Breaks Below 76.4% Fibo Support

CZECHIA
  • EURCZK ticks lower this morning, currently trading slightly below the 24.50 level. ST support to watch on the downside stands at 24.30. On the topside, resistance to watch stands at 24.70.
  • USDCZK continues to consolidate lower this morning, breaking below the 23.9750 support (76.4% Fibo of the 21.84 – 24.63 retracement). Next level to watch on the downside stands at 23.75, followed by 23.57 (61.8% Fibo). On the topside, resistance to watch above 23.9750 stands at 24.

Source: Bloomberg

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