EUR/MXN is neutral

Our pivot point stands at 17.8292.

Our preference

Look for a drop towards 17.8292 before a bounce.

Alternative scenario

Below 17.8292, expect 17.4916 and 17.2906.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price is above its 20 and 50 period moving average (respectively at 18.1207 and 18.0569).

Supports and resistances

19.1608 **

18.9592 *

18.7576 **

18.5559

18.1445 last

17.9619

17.8292 **

17.4916 *

17.2906 **

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