EUR/MXN may rise 1571 - 2262 pips

Our pivot point stands at 21.1914.

Our preference

As long as 21.1914 is support look for 21.5111.

Alternative scenario

Below 21.1914, expect 21.0754 and 21.0064.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (21.3014) but above its 50 period moving average (21.2553).

Supports and resistances

21.6493 **

21.5802 *

21.5111 **

21.4420

21.2849 last

21.2370

21.1914 **

21.0754 *

21.0064 **

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