EUR/MXN may rise 1330 - 1841 pips

Our pivot point stands at 20.3258.

Our preference

The upside prevails as long as 20.3258 is support.

Alternative scenario

Below 20.3258, expect 20.2400 and 20.1889.

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 20.3439 and 20.2938).

Supports and resistances

20.6796 **

20.6285 *

20.5773 **

20.5262

20.3932 last

20.3595

20.3258 **

20.2400 *

20.1889 **

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