ČNB massively increases interest rates

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


Support on USD


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.