EUR/CZK may rise to 25.543 - 25.726

Our pivot point is at 24.863.

Our preference

The upside prevails as long as 24.863 is support.

Alternative scenario

Below 24.863, expect 24.556 and 24.373.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 24.807 and 24.830).

Supports and resistances

26.093 **

25.910 *

25.726 **

25.543

25.164 last

24.984

24.863 **

24.556 *

24.373 **

Number of asterisks represents the strength of support and resistance levels.