EUR/CZK may fall 83 - 102 pips

25.351 is our pivot point.

Our preference

The downside prevails as long as 25.351 is resistance.

Alternative scenario

The upside breakout of 25.351, would call for 25.382 and 25.400.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 25.330 and 25.328).

Supports and resistances

25.400 **

25.382 *

25.351 **

25.339

25.322 last

25.239

25.220 **

25.202 *

25.184 **

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