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Another option to play Dollar Strength. The USDCZK showing strong bullish momentum, hitting 21.8600 resistance level , I expect a pullback within the coming few days from that resistance, however, i would be seriously considering a long position from lower levels, possibly around the shaded area and support level near 21.23-21.000, targeting 23.5500.
Good luck
https://twitter.com/thefxchannel
Techncian
Good luck
https://twitter.com/thefxchannel
Techncian
Source: http://finance.yahoo.com/news/usd-czk-best-emerging-fx-222000120.html
At the time of writing with EUR @ 1.265 it gives a USD floor @21.4 vs USD.
It looks like price is rising mechanically due to EURUSD drop. What's your take about that?
As you can see, USDCZK is then highly correlated to EURUSD. 1% Ahead.
"At the time of writing with EUR @ 1.265 it gives a USD floor @21.4 vs USD. " It cant be calculated this way,
SEK and NOK were better candidates, respectively the worst and the best.