EUR/CZK may rise to 25.618 - 25.745

Our pivot point stands at 25.130.

Our preference

The upside prevails as long as 25.130 is support.

Alternative scenario

The downside breakout of 25.130 would call for 24.918 and 24.791.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 25.147 and 25.186).

Supports and resistances

25.998 **

25.871 *

25.745 **

25.618

25.341 last

25.214

25.130 **

24.918 *

24.791 **

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