- Analytics
- News and Tools
- Market News
- EUR/CZK to extend its decline to 24.75 on a break below 25.00 – SocGen
EUR/CZK to extend its decline to 24.75 on a break below 25.00 – SocGen
EUR/CZK has regained downward momentum. The pair is set to challenge the 25.12/00 support zone and a break below here would open up 24.75, economists at Société Générale report.
Critical support is seen at 25.12/25.00
“EUR/CZK is drifting towards potential support of 25.12/25.00 representing the lower limit of a descending channel drawn since last year. This could act as an interim trough, however, signals of a meaningful rebound are still not visible.”
“A break above recent peak at 25.75 will be essential for affirming an extended up-move.”
“Below 25.00, next significant level could be at low of 2020 near 24.75.”
See: EUR/CZK looks for further downside to the 24.80 mark – Credit Suisse
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
