EUR/CZK may rise 51 - 76 pips

Our pivot point is at 25.022.

Our preference

Our next up target stands at 25.147.

Alternative scenario

Below 25.022, expect 24.980 and 24.955.

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 above its 20 and 50 period moving average (respectively at 25.065 and 25.069).

Supports and resistances

25.196 **

25.172 *

25.147 **

25.122

25.071 last

25.039

25.022 **

24.980 *

24.955 **

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