EUR/MXN may rise 1248 - 1871 pips

19.4613 is our pivot point.

Our preference

The upside prevails as long as 19.4613 is support.

Alternative scenario

Below 19.4613, expect 19.3567 and 19.2944.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.5384 and 19.5431).

Supports and resistances

19.8592 **

19.7969 *

19.7346 **

19.6723

19.5475 last

19.5024

19.4613 **

19.3567 *

19.2944 **

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