EUR/MXN may rise to 21.2805 - 22.0093

Our pivot point is at 18.7572.

Our preference

As long as 18.7572 is support look for 22.0093.

Alternative scenario

Below 18.7572, expect 17.5395 and 16.8147.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.6682 and 18.8258).

Supports and resistances

23.4670 **

22.7381 *

22.0093 **

21.2805

19.7562 last

19.2356

18.7572 **

17.5395 *

16.8147 **

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