EUR/MXN may rise 2123 - 3172 pips

Our pivot point stands at 19.3859.

Our preference

The upside prevails as long as 19.3859 is support.

Alternative scenario

Below 19.3859, expect 19.2097 and 19.1049.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.4944 and 19.5026).

Supports and resistances

20.0514 **

19.9465 *

19.8416 **

19.7367

19.5244 last

19.4552

19.3859 **

19.2097 *

19.1049 **

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