EUR/MXN may rise 2191 - 3228 pips

Our pivot point is at 19.1579.

Our preference

Rebound towards 19.6225.

Alternative scenario

The downside breakout of 19.1579 would call for 18.9838 and 18.8801.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 19.3096 and 19.3305).

Supports and resistances

19.8300 **

19.7263 *

19.6225 **

19.5188

19.2997 last

19.2263

19.1579 **

18.9838 *

18.8801 **

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