Currencies  |  January 03, 2013 21:02:48

Currency pair EUR / CZK from falling?


Unlike many currency pairs, which are in the holiday season and especially before the end of the year, formed on the charts more or less pronounced gaps, not the pair EUR / CZK hardly any leaps. 24th - 26 December, although some less developed, but they are long since completed. That the pair GBP / JPY continues to fill two large waiting.
Today's European macroeconomic data sounded quite insignificant and did not affect the exchange rate.
Tomorrow will be published indices for services from European countries and of Europe as a whole. Before even German retail sales.


From the perspective of the Czech koruna in this shortened trading week, nothing major has happened and I probably will not happen or anything.Therefore, the direction of inflation depend on market sentiment, and whether other European and U.S. actions promote the Czech crown.
In terms of technical analysis, the gentle bull trend created the four-hour chart, there are two pinbar candles in a row, which may predict subsequent decline to the end of the week is not impossible.

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