EUR/MXN may fall 1274 - 1906 pips

Our pivot point is at 21.1751.

Our preference

Eye 20.8605.

Alternative scenario

The upside breakout of 21.1751, would call for 21.2815 and 21.3449.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under its 20 period moving average (21.0654) but above its 50 period moving average (21.0444).

Supports and resistances

21.3449 **

21.2815 *

21.1751 **

21.1333

21.0511 last

20.9237

20.8605 **

20.7973 *

20.7341 **

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