Our pivot point is at 26.144.
: the downside prevails as long as 26.144 is resistance.
: the upside breakout of 26.144, would call for 26.183 and 26.206.
: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 26.144 and 26.139). Finally, the EUR/CZK has penetrated its lower Bollinger band (26.110).
Supports and resistances