EUR/CZK may rise to 25.555 - 25.731

Our pivot point is at 24.900.

Our preference

The upside prevails as long as 24.900 is support.

Alternative scenario

The downside breakout of 24.900 would call for 24.606 and 24.430.

Comment

The RSI is above its neutrality area at 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 24.937 and 24.828).

Supports and resistances

26.082 **

25.906 *

25.731 **

25.555

25.182 last

25.015

24.900 **

24.606 *

24.430 **

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