EUR/MXN may rise to 21.8973 - 22.4620

Our pivot point is at 19.9256.

Our preference

As long as 19.9256 is support look for 22.4620.

Alternative scenario

The downside breakout of 19.9256 would call for 18.9815 and 18.4195.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 20.5716 and 19.9674).

Supports and resistances

23.5914 **

23.0267 *

22.4620 **

21.8973

20.7384 last

20.2965

19.9256 **

18.9815 *

18.4195 **

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