EUR/CZK may rise 53 - 79 pips

Our pivot point stands at 25.301.

Our preference

The upside prevails as long as 25.301 is support.

Alternative scenario

The downside breakout of 25.301 would call for 25.258 and 25.233.

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 25.397 and 25.400).

Supports and resistances

25.532 **

25.506 *

25.481 **

25.455

25.402 last

25.318

25.301 **

25.258 *

25.233 **

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