EUR/CZK may fall 66 - 90 pips

24.736 is our pivot point.

Our preference

The downside prevails as long as 24.736 is resistance.

Alternative scenario

The upside breakout of 24.736, would call for 24.775 and 24.798.

Comment

The RSI is below its neutrality area at 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 24.704 and 24.708).

Supports and resistances

24.798 **

24.775 *

24.736 **

24.721

24.701 last

24.635

24.611 **

24.588 *

24.565 **

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