EUR/MXN may rise to 23.4910 - 24.2292

Our pivot point stands at 20.9530.

Our preference

As long as 20.9530 is support look for 24.2292.

Alternative scenario

Below 20.9530, expect 19.7180 and 18.9828.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 21.5715 and 20.6302).

Supports and resistances

25.7056 **

24.9674 *

24.2292 **

23.4910

21.9518 last

21.4382

20.9530 **

19.7180 *

18.9828 **

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