EUR/CZK may fall 61 - 85 pips

Our pivot point is at 25.227.

Our preference

The downside prevails as long as 25.227 is resistance.

Alternative scenario

The upside breakout of 25.227, would call for 25.269 and 25.293.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 25.223 and 25.229).

Supports and resistances

25.293 **

25.269 *

25.227 **

25.210

25.191 last

25.130

25.106 **

25.081 *

25.056 **

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