InvestingScope
Long

EURCZK: Buy opportunity (long term).

OANDA:EURCZK   EUR/CZK
The pair is trading within a multi month Rectangle with 25.4100 being the 1M Support. This month 1D has succeeded at pricing a bottom on this support as it stopped the previous downtrend and consolidated (neutral RSI = 44.755, ADX = 16.849, CCI = -10.1188, highs/Lows = 0.0000).

We are taking this as a strong long term buy signal with 25.8300 - 25.9000 as our Target Zone.






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