EUR/CZK may rise 47 - 71 pips

Our pivot point is at 24.670.

Our preference

The upside prevails as long as 24.670 is support.

Alternative scenario

Below 24.670, expect 24.631 and 24.608.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 24.704 and 24.702).

Supports and resistances

24.823 **

24.800 *

24.777 **

24.753

24.706 last

24.686

24.670 **

24.631 *

24.608 **

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