Euro falls, but still does not strengthen the crown
First drop of the European economy as a whole and negative comments from the mouth of the President of the ECB concerning the prospects for the next year, then the preservation of ECB rate (although expected), drove the euro to a significant decline.
Today it crowned German industrial production data. The couple with the dollar helped and good macroeconomic data from the United States.
The Czech crown as if traders were waiting to turn out Friday's GDP. Koruna against the euro for a moment lost, but later erased its losses and before the very end of the week trading at almost the same price as at Monday's opening week sales.
Currency pair EUR / CZK is still holding on the bottom edge slightly upward channel (see chart), so hope to weaken the crown is still large. Has support in S / R level 25135, which the couple had failed twice in the past week to break. If it does eventually succeeded in the next week, it could strengthen the crown up to the value of 24,960 and then to 24,700. Below these values ??are no longer just an annual minimum, when the EUR / USD touched the border in early September 24250.
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