EUR/MXN may rise 2193 - 3248 pips

21.6155 is our pivot point.

Our preference

Rebound towards 22.0969.

Alternative scenario

Below 21.6155, expect 21.4386 and 21.3333.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 21.7862 and 21.8445).

Supports and resistances

22.3077 **

22.2023 *

22.0969 **

21.9914

21.7721 last

21.6850

21.6155 **

21.4386 *

21.3333 **

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