EUR/CZK may rise 77 - 102 pips

24.853 is our pivot point.

Our preference

The upside prevails as long as 24.853 is support.

Alternative scenario

The downside breakout of 24.853 would call for 24.811 and 24.786.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 24.902 and 24.892).

Supports and resistances

25.074 **

25.049 *

25.024 **

24.999

24.922 last

24.870

24.853 **

24.811 *

24.786 **

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