EUR/MXN may rise to 23.0382 - 23.7029

Our pivot point is at 20.7369.

Our preference

The upside prevails as long as 20.7369 is support.

Alternative scenario

Below 20.7369, expect 19.6254 and 18.9638.

Comment

The RSI is above its neutrality area at 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 20.9677 and 20.1446).

Supports and resistances

25.0322 **

24.3675 *

23.7029 **

23.0382

21.6800 last

21.1736

20.7369 **

19.6254 *

18.9638 **

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