EUR/MXN may fall 2217 - 3214 pips

21.5062 is our pivot point.

Our preference

Eye 21.0407.

Alternative scenario

The upside breakout of 21.5062, would call for 21.6740 and 21.7740.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is below its 20 period moving average (21.4177) but above its 50 period moving average (21.3474).

Supports and resistances

21.7740 **

21.6740 *

21.5062 **

21.4402

21.3621 last

21.1404

21.0407 **

20.9409 *

20.8412 **

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