EUR/CZK Long-Term Trend: Bullish
Key Resistance Levels: 25.49143, 25.60000, 26.00000
Key Support Levels: 25.37265, 25.29992, 25.29000.
The price on the higher time frame failed to break the strong key support around the 25.37265 CZK mark and posted long wicks to the downside showing that the buyers are in a clear control. We expect now a new impulsive wave all the way up toward the next key resistance level.
EUR/CZK Medium-Term Trend: Bullish
On the lower time frame, the pair is traded near the 61.80% Fibonacci retracement where lot of bullish bars appeared with long wicks to the downside, this shows that a new wave might begin. Before that a lower correction is expected to the key support.
Buy Limit Order @ 25.37717
TP 1 @ 25.48293
TP 2 @ 25.60000
Stop Loss @ 25.33703
Trade Safely 🙂