EUR/CZK may rise 73 - 98 pips

Our pivot point stands at 25.209.

Our preference

The upside prevails as long as 25.209 is support.

Alternative scenario

The downside breakout of 25.209 would call for 25.167 and 25.143.

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 25.276 and 25.271).

Supports and resistances

25.428 **

25.403 *

25.378 **

25.353

25.280 last

25.226

25.209 **

25.167 *

25.143 **

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