EUR/MXN may fall 2082 - 3081 pips

21.5429 is our pivot point.

Our preference

Eye 21.0788.

Alternative scenario

The upside breakout of 21.5429, would call for 21.7111 and 21.8111.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under its 20 period moving average (21.4115) but above its 50 period moving average (21.3843).

Supports and resistances

21.8111 **

21.7111 *

21.5429 **

21.4769

21.3869 last

21.1787

21.0788 **

20.9789 *

20.8789 **

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