U.S. DOLLAR / CZECH KORUNA
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ČNB massively increases interest rates

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Česká národní banka (Czech National Bank) has increased interest rates from 0.75 to 1.5 This was not expected at all and is likely to have continuous impact on the markets.

I started shorting both USD and EUR against CZK.

Support on EUR
snapshot

Support on USD
snapshot

There is far more room to go for Crown against Dollar, but I expect the support to be broken unless FED and ECB also increase the rates.

I will be updating my indicators this weekend with a new value.

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