EUR/MXN may rise 2105 - 2949 pips

21.3607 is our pivot point.

Our preference

The upside prevails as long as 21.3607 is support.

Alternative scenario

Below 21.3607, expect 21.2191 and 21.1348.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading under its 20 period moving average (21.4854) but above its 50 period moving average (21.4704).

Supports and resistances

21.9357 **

21.8512 *

21.7668 **

21.6824

21.4719 last

21.4163

21.3607 **

21.2191 *

21.1348 **

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