- Analytics
- News and Tools
- Market News
- EUR/CZK to dip towards 2011 low at 23.93 on failure to cross 24.75 – SocGen
EUR/CZK to dip towards 2011 low at 23.93 on failure to cross 24.75 – SocGen
EUR/CZK has staged a rebound after forming a trough near 24.09 earlier this month. But if the pair fails to pierce the 24.75 level, another leg lower towards the 2011 low of 23.93 could be witnessed, economists at Société Générale report.
Near-term resistance aligns at 24.75
“Daily Ichimoku cloud at 24.75 is near-term resistance.”
“Failure to cross 24.75 can take the EUR/CZK pair lower towards 2011 low of 23.93.”
© 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
