EUR/CZK may rise 53 - 79 pips

Our pivot point is at 25.167.

Our preference

Rebound.

Alternative scenario

Below 25.167, expect 25.123 and 25.097.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (25.208) but under its 50 period moving average (25.215).

Supports and resistances

25.346 **

25.319 *

25.293 **

25.267

25.214 last

25.184

25.167 **

25.123 *

25.097 **

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