EUR/CZK may rise to 25.542 - 25.680

Our pivot point stands at 24.980.

Our preference

As long as 24.980 is support look for 25.680.

Alternative scenario

Below 24.980, expect 24.750 and 24.613.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 25.215 and 25.143).

Supports and resistances

25.955 **

25.817 *

25.680 **

25.542

25.232 last

25.071

24.980 **

24.750 *

24.613 **

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