Crown under tremendous pressure!
Czech koruna gets under great pressure from the euro. It pushed her down to historic lows, and it attacks the limit S / R levels 25,900.
Euro itself on it is not good and the other currency pairs he so famously wrong. Czech koruna, however, is not supported by good macroeconomic data. Czech National Bank also lowered estimate of economic growth, so the view of a better future in sight. At the same time, there were reports that could lead to increases in interest rates for individual countries, which is in the shadow of the Japanese release seems like a great rebellion. In addition to a worse prognosis of the future at the same time in the early months of failing or the automotive industry, which is crucial for the Czech Republic.The actual number of production do not have a predictive value as numbers for the year. People waiting for the new Octavia and other brands then the spring discount events.
Looking at the chart of the currency pair EUR / CZK but it does not look good for the crown. If the price breaks through the aforementioned S / R level is more resistance to virtually arbitrary market. Created by rising channel also looks menacing.
This morning is expected macro data from France and Germany as the leading indices mood. On Friday and Saturday it is then scheduled European summit, where it could be to restore confidence in the European banking.
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