EUR/CZK may rise 46 - 69 pips

Our pivot point is at 25.113.

Our preference

Rebound.

Alternative scenario

Below 25.113, expect 25.075 and 25.053.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (25.174) but below its 50 period moving average (25.193).

Supports and resistances

25.306 **

25.283 *

25.261 **

25.238

25.192 last

25.128

25.113 **

25.075 *

25.053 **

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