EUR/MXN may fall 1686 - 2528 pips

19.7187 is our pivot point.

Our preference

Under pressure below 19.7187.

Alternative scenario

The upside breakout of 19.7187, would call for 19.8606 and 19.9450.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 19.6274 and 19.5948).

Supports and resistances

19.9450 **

19.8606 *

19.7187 **

19.6630

19.5695 last

19.4009

19.3167 **

19.2324 *

19.1482 **

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