EUR/CZK may fall 82 - 107 pips

Our pivot point is at 25.352.

Our preference

Under pressure below 25.352.

Alternative scenario

Above 25.352, look for 25.393 and 25.418.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 25.312 and 25.298).

Supports and resistances

25.418 **

25.393 *

25.352 **

25.336

25.258 last

25.176

25.151 **

25.127 *

25.102 **

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