Euro testing testing structure, and breakout of the downward short term trend line. Seem like a good opportunity to buy pullback. Stop loss bellow the recent swing low. Dan
The previous review of the EUR/CZK currency pair was concentrating on the fact that the pair was about to break the upper trend line of a junior descending pattern. It occurred on August 1 and the rate traded sideways in the aftermath of the breaking. On Thursday, the currency rate stopped the sideways movements and broke past the SMAs, which kept it lower for...
The EUR/CZK exchange rate has been trading in a channel-like formation since early 2018. The upper boundary of this pattern was tested on May 1 when the Euro reversed from the 25.75 mark. The pair’s subsequent movement has been downwards until 25.55 where the pair was located at the time of this analysis. Technical indicators are generally neutral, thus...
The common European currency has recently met with the support of a medium scale ascending pattern against the Czech Krona. This event has resulted in the formation of a junior ascending pattern. On Monday the currency rate was standing just below the resistance of the pattern. In addition, the resistance was strengthened by the 200-period SMA and the monthly...
Strong move after central bank 27.00 cap removal. Looking to short from 26.89 for 26.20 against 27.30
This is interesting how CNB by intervention did job. The price is back but rates was rised today by CNB after long time. It means CNB gave curency back to market. Is the question if they will keep price 26 or not.