EUR/CZK may rise 49 - 74 pips

Our pivot point stands at 25.380.

Our preference

The upside prevails as long as 25.380 is support.

Alternative scenario

Below 25.380, expect 25.339 and 25.314.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 25.394 and 25.387).

Supports and resistances

25.537 **

25.512 *

25.487 **

25.462

25.413 last

25.397

25.380 **

25.339 *

25.314 **

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