EUR/MXN may rise 1874 - 2654 pips

Our pivot point stands at 20.3777.

Our preference

Rebound towards 20.7459.

Alternative scenario

Below 20.3777, expect 20.2469 and 20.1691.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (20.4696) but below its 50 period moving average (20.5143).

Supports and resistances

20.9018 **

20.8238 *

20.7459 **

20.6679

20.4805 last

20.4291

20.3777 **

20.2469 *

20.1691 **

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