EUR/CZK may rise 57 - 83 pips

Our pivot point is at 25.317.

Our preference

The upside prevails as long as 25.317 is support.

Alternative scenario

The downside breakout of 25.317 would call for 25.274 and 25.249.

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 25.351 and 25.364).

Supports and resistances

25.503 **

25.478 *

25.452 **

25.426

25.369 last

25.334

25.317 **

25.274 *

25.249 **

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