in ANALISA by hafid zaini

7640783 7/12/2017 5:07 PM, EUR/CZK intraday: rebound


Our pivot point is at 26.085.


Our preference

: rebound.


Alternative scenario

: the downside breakout of 26.085 would call for 26.047 and 26.023.


Comment

: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair is trading above its 20 MA (26.115) but under its 50 MA (26.124).


Supports and resistances

:

26.236 **

26.213 *

26.190 **

26.167

26.118 last

26.101

26.085 **

26.047 *

26.023 **