EUR/CZK may rise 54 - 79 pips

25.197 is our pivot point.

Our preference

The upside prevails as long as 25.197 is support.

Alternative scenario

The downside breakout of 25.197 would call for 25.155 and 25.131.

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 25.270 and 25.272).

Supports and resistances

25.405 **

25.380 *

25.355 **

25.330

25.276 last

25.214

25.197 **

25.155 *

25.131 **

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