EUR/CZK may rise 40 - 60 pips

Our pivot point stands at 25.210.

Our preference

The upside prevails as long as 25.210 is support.

Alternative scenario

The downside breakout of 25.210 would call for 25.176 and 25.157.

Comment

The RSI is above 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 25.222 and 25.220).

Supports and resistances

25.347 **

25.327 *

25.308 **

25.288

25.248 last

25.223

25.210 **

25.176 *

25.157 **

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