EUR/CZK may rise 68 - 93 pips

Our pivot point is at 24.797.

Our preference

The upside prevails as long as 24.797 is support.

Alternative scenario

Below 24.797, expect 24.755 and 24.730.

Comment

The RSI is above its neutrality area at 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 24.836 and 24.809).

Supports and resistances

25.010 **

24.985 *

24.960 **

24.935

24.867 last

24.814

24.797 **

24.755 *

24.730 **

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