EUR/CZK may fall 82 - 101 pips

25.228 is our pivot point.

Our preference

The downside prevails as long as 25.228 is resistance.

Alternative scenario

Above 25.228, look for 25.261 and 25.281.

Comment

The RSI is below 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 25.225 and 25.230). Finally, the EUR/CZK has penetrated its lower Bollinger band (25.201).

Supports and resistances

25.281 **

25.261 *

25.228 **

25.215

25.196 last

25.114

25.095 **

25.075 *

25.055 **

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