EUR/CZK may rise 50 - 75 pips

Our pivot point stands at 25.372.

Our preference

The upside prevails as long as 25.372 is support.

Alternative scenario

Below 25.372, expect 25.331 and 25.306.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 25.414 and 25.419). Finally, the EUR/CZK has crossed above its upper Bollinger band (25.457).

Supports and resistances

25.607 **

25.582 *

25.558 **

25.533

25.483 last

25.389

25.372 **

25.331 *

25.306 **

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