Economists at Rabobank analyze the EUR/CZK outlook after the Czech National Bank cut its policy rate by 50bps to 1.75% at an emergency meeting on March 16. EUR/CZK trades at 27.372. Key quotes “In the very near term EUR/CZK may consolidate its gains around the psychological level of 27.00 (a corrective pullback cannot be excluded given the parabolic price action over the last few weeks).” “Unless within next few weeks there is sufficient evidence that the virus is being contained across Europe and on other continents with focus on North, Central and South America, we expect EUR/CZK to resume its upside trend.” “A cautiously optimistic scenario assumes that EUR/CZK will peak around the 2015 high at 28.517 over the 1-3 month horizon.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Canadian FinMin Morneau: Now prepared to use its fiscal firepower FX Street 2 years Economists at Rabobank analyze the EUR/CZK outlook after the Czech National Bank cut its policy rate by 50bps to 1.75% at an emergency meeting on March 16. EUR/CZK trades at 27.372. Key quotes “In the very near term EUR/CZK may consolidate its gains around the psychological level of 27.00 (a corrective pullback cannot be excluded given the parabolic price action over the last few weeks).” “Unless within next few weeks there is sufficient evidence that the virus is being contained across Europe and on other continents with focus on North, Central and South America, we expect EUR/CZK to resume its… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
