EUR/MXN may rise 1746 - 2579 pips

Our pivot point stands at 19.2136.

Our preference

Rebound towards 19.5920.

Alternative scenario

Below 19.2136, expect 19.0738 and 18.9906.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 19.3417 and 19.3723).

Supports and resistances

19.7585 **

19.6752 *

19.5920 **

19.5087

19.3341 last

19.2685

19.2136 **

19.0738 *

18.9906 **

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