EUR/MXN may fall 1379 - 2069 pips

Our pivot point stands at 21.3064.

Our preference

The downside prevails as long as 21.3064 is resistance.

Alternative scenario

The upside breakout of 21.3064, would call for 21.4223 and 21.4913.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 21.2234 and 21.2212).

Supports and resistances

21.4913 **

21.4223 *

21.3064 **

21.2609

21.2121 last

21.0742

21.0052 **

20.9363 *

20.8673 **

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