EUR/CZK may rise 54 - 80 pips

Our pivot point is at 25.357.

Our preference

The upside prevails as long as 25.357 is support.

Alternative scenario

Below 25.357, expect 25.314 and 25.288.

Comment

The RSI is above 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 25.394 and 25.378). Finally, the EUR/CZK is trading above its upper Bollinger band (standing at 25.437).

Supports and resistances

25.585 **

25.559 *

25.534 **

25.508

25.454 last

25.374

25.357 **

25.314 *

25.288 **

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