EUR/CZK 1H Chart: Begins expected surge
The previous review of the EUR/CZK currency pair was concentrating on the fact that the pair was about to break the upper trend line of a junior descending pattern. It occurred on August 1 and the rate traded sideways in the aftermath of the breaking.
On Thursday, the currency rate stopped the sideways movements and broke past the SMAs, which kept it lower for the past two trading sessions. Namely, the previously expected surge has begun.
Most likely in the future the rate will form an ascending pattern of the same scale as the just broken channel down pattern.
On Thursday, the currency rate stopped the sideways movements and broke past the SMAs, which kept it lower for the past two trading sessions. Namely, the previously expected surge has begun.
Most likely in the future the rate will form an ascending pattern of the same scale as the just broken channel down pattern.
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