EUR/CZK may rise 40 - 60 pips

Our pivot point is at 25.243.

Our preference

The upside prevails as long as 25.243 is support.

Alternative scenario

The downside breakout of 25.243 would call for 25.210 and 25.190.

Comment

The RSI is above 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 25.271 and 25.266).

Supports and resistances

25.374 **

25.354 *

25.334 **

25.314

25.274 last

25.256

25.243 **

25.210 *

25.190 **

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