SteveEnnom

Covid pushes down

Short
FX_IDC:CZKEUR   CZECH KORUNA / EURO
All Euro area is being swept by the second wave of coronavirus. Czech republic is no different.
Cases topped 114,005 and the daily new infections are going parabolic. That would mean they will need to enforce some sort of lockdown strategy that will, in turn, affect their economy.

Technically speaking I see a bearish channel in which the pair is currently trading. Unless the pair breaks the channel headed for higher highs, I keep having a negative view on this one.

***As usual, not a trading advice, merely my view for informational and educational purposes only***