Currencies  |  April 20, 2013 08:20:18

Fake puncturing the pair EUR / CZK, or consolidate its course?

The currency pair Czech koruna and the euro was a false breakdown upper edge of the descending channel, in which the price of a pair at the moment. Whether the rate falls to the bottom edge, or to consolidate in the range between the values ??of 25,865 and 25,780 (light blue graph on S / R levels) confirm the start of trading week.

Due to the ongoing meeting of leaders of world and national banks to the output statements can rate move anywhere. It depends how you interpret the further development of the market, and this is true not only for the pair EUR / CZK, but also for other currency pairs. With such an important event can be, after the start of trading on Monday, expect major gaps.
It is still true that from a technical point of view the graph is the target of 25,700 pairs, if he manages to break the current S / R level of 25,780, which ended at the end of the trading week. If he fails to break through this level, it will confirm the exit channel and the downlink rate may be reflected in resistance to the value of 25,865. Either way, on both sides is enough space for traders to create profitable trades.

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Falešný průraz na páru EUR/CZK, nebo konsolidace jeho kurzu?

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