EUR/CZK may fall 87 - 107 pips

25.053 is our pivot point.

Our preference

The downside prevails as long as 25.053 is resistance.

Alternative scenario

Above 25.053, look for 25.086 and 25.106.

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 is trading under both its 20 and 50 period moving average (respectively at 25.029 and 25.025).

Supports and resistances

25.106 **

25.086 *

25.053 **

25.040

25.022 last

24.935

24.915 **

24.895 *

24.876 **

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