EUR/CZK may rise to 25.767 - 25.939

25.116 is our pivot point.

Our preference

As long as 25.116 is support look for 25.939.

Alternative scenario

Below 25.116, expect 24.829 and 24.658.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 25.276 and 24.968).

Supports and resistances

26.281 **

26.110 *

25.939 **

25.767

25.413 last

25.228

25.116 **

24.829 *

24.658 **

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