EUR/CZK is neutral

Our pivot point stands at 25.096.

Our preference

Technical rebound towards 25.096 before a new drop.

Alternative scenario

The upside breakout of 25.096, would call for 25.372 and 25.536.

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 stands above its 20 period moving average (24.717) but below its 50 period moving average (24.846).

Supports and resistances

25.536 **

25.372 *

25.096 **

24.987

24.808 last

24.433

24.269 **

24.106 *

23.942 **

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