EUR/CZK may rise 50 - 71 pips

Our pivot point is at 25.163.

Our preference

The upside prevails as long as 25.163 is support.

Alternative scenario

Below 25.163, expect 25.128 and 25.108.

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 25.218 and 25.223).

Supports and resistances

25.350 **

25.329 *

25.308 **

25.287

25.237 last

25.177

25.163 **

25.128 *

25.108 **

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