EUR/CZK may rise to 25.086 - 25.258

Our pivot point is at 24.433.

Our preference

Rebound towards 25.258.

Alternative scenario

The downside breakout of 24.433 would call for 24.145 and 23.974.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (24.681) but under its 50 period moving average (24.980).

Supports and resistances

25.602 **

25.430 *

25.258 **

25.086

24.733 last

24.546

24.433 **

24.145 *

23.974 **

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