EUR/CZK may rise to 25.020 - 25.181

Our pivot point stands at 24.402.

Our preference

Rebound towards 25.181.

Alternative scenario

The downside breakout of 24.402 would call for 24.133 and 23.972.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 24.729 and 25.017).

Supports and resistances

25.503 **

25.342 *

25.181 **

25.020

24.652 last

24.508

24.402 **

24.133 *

23.972 **

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