EUR/MXN may rise to 20.4270 - 20.8589

Our pivot point stands at 18.9481.

Our preference

As long as 18.9481 is support look for 20.8589.

Alternative scenario

Below 18.9481, expect 18.2242 and 17.7933.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 19.4965 and 19.1929).

Supports and resistances

21.7227 **

21.2908 *

20.8589 **

20.4270

19.5590 last

19.2324

18.9481 **

18.2242 *

17.7933 **

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