EUR/CZK may rise 46 - 68 pips

Our pivot point is at 24.582.

Our preference

Our next up target stands at 24.728.

Alternative scenario

Below 24.582, expect 24.544 and 24.522.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 24.650 and 24.657).

Supports and resistances

24.773 **

24.750 *

24.728 **

24.706

24.660 last

24.596

24.582 **

24.544 *

24.522 **

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