EUR/CZK may rise to 25.687 - 25.865

Our pivot point stands at 24.976.

Our preference

As long as 24.976 is support look for 25.865.

Alternative scenario

Below 24.976, expect 24.680 and 24.504.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 25.193 and 24.900).

Supports and resistances

26.219 **

26.042 *

25.865 **

25.687

25.301 last

25.093

24.976 **

24.680 *

24.504 **

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