EUR/CZK may rise to 25.655 - 25.828

Our pivot point stands at 25.004.

Our preference

As long as 25.004 is support look for 25.828.

Alternative scenario

Below 25.004, expect 24.715 and 24.542.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (25.318) but above its 50 period moving average (25.033).

Supports and resistances

26.173 **

26.000 *

25.828 **

25.655

25.298 last

25.117

25.004 **

24.715 *

24.542 **

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