EUR/CZK may fall 60 - 85 pips

Our pivot point stands at 25.143.

Our preference

The downside prevails as long as 25.143 is resistance.

Alternative scenario

The upside breakout of 25.143, would call for 25.185 and 25.210.

Comment

The RSI is below its neutrality area at 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 25.118 and 25.132).

Supports and resistances

25.210 **

25.185 *

25.143 **

25.126

25.107 last

25.047

25.022 **

24.997 *

24.972 **

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