EUR/CZK may fall to 24.624 - 24.733

Our pivot point stands at 25.224.

Our preference

The downside prevails as long as 25.224 is resistance.

Alternative scenario

Above 25.224, look for 25.407 and 25.516.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 25.065 and 25.187).

Supports and resistances

25.516 **

25.407 *

25.224 **

25.152

25.015 last

24.733

24.624 **

24.515 *

24.407 **

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