EUR/MXN may rise 1261 - 1891 pips

Our pivot point stands at 19.6761.

Our preference

As long as 19.6761 is support look for 19.9511.

Alternative scenario

Below 19.6761, expect 19.5703 and 19.5073.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.7450 and 19.6704).

Supports and resistances

20.0770 **

20.0141 *

19.9511 **

19.8881

19.7620 last

19.7176

19.6761 **

19.5703 *

19.5073 **

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