EUR/CZK may rise 50 - 75 pips

Our pivot point stands at 24.646.

Our preference

The upside prevails as long as 24.646 is support.

Alternative scenario

Below 24.646, expect 24.604 and 24.579.

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 24.655 and 24.650).

Supports and resistances

24.805 **

24.780 *

24.754 **

24.729

24.679 last

24.663

24.646 **

24.604 *

24.579 **

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