EUR/CZK may rise 124 - 149 pips

Our pivot point is at 25.296.

Our preference

The upside prevails as long as 25.296 is support.

Alternative scenario

Below 25.296, expect 25.254 and 25.228.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 25.277 and 25.257).

Supports and resistances

25.536 **

25.510 *

25.484 **

25.459

25.335 last

25.313

25.296 **

25.254 *

25.228 **

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