EUR/CZK may rise 46 - 68 pips

Our pivot point stands at 25.111.

Our preference

The upside prevails as long as 25.111 is support.

Alternative scenario

Below 25.111, expect 25.073 and 25.051.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 25.172 and 25.177). Finally, the EUR/CZK is trading above its upper Bollinger band (standing at 25.183).

Supports and resistances

25.306 **

25.284 *

25.261 **

25.239

25.193 last

25.126

25.111 **

25.073 *

25.051 **

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