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EUR/CZK extends gains as CNB threatens higher floor

Source: Thomson Reuters EUR/CZK breaks higher as CNB chief Singer says floor could be lifted Czech c.bank comment helps push EUR/CZK above recent highs Pair tests Ichi cloud base at 27.86, break into cloud opens test of …

By Jay L. Zagorsky
1 min read
EUR/CZK extends gains as CNB threatens higher floor
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Source: Thomson Reuters


  • EUR/CZK breaks higher as CNB chief Singer says floor could be lifted

  • Czech c.bank comment helps push EUR/CZK above recent highs

  • Pair tests Ichi cloud base at 27.86, break into cloud opens test of 27.6298/27.6131: 100- & 200-DMAs

  • May spur further unwind of shorts taken to test 27 EUR/CZK floor, then 27.6672: 38.2% of Jan/March drop

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By FxWirePro Team