EUR/CZK may rise to 25.018 - 25.173

Our pivot point stands at 24.425.

Our preference

Rebound towards 25.173.

Alternative scenario

The downside breakout of 24.425 would call for 24.166 and 24.011.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 24.810 and 25.074).

Supports and resistances

25.482 **

25.328 *

25.173 **

25.018

24.700 last

24.527

24.425 **

24.166 *

24.011 **

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