EUR/CZK may rise 34 - 50 pips

Our pivot point stands at 25.067.

Our preference

The upside prevails as long as 25.067 is support.

Alternative scenario

Below 25.067, expect 25.041 and 25.025.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 25.114 and 25.112).

Supports and resistances

25.216 **

25.200 *

25.184 **

25.168

25.134 last

25.078

25.067 **

25.041 *

25.025 **

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