EUR/MXN may fall 1463 - 2152 pips

21.3669 is our pivot point.

Our preference

The downside prevails as long as 21.3669 is resistance.

Alternative scenario

Above 21.3669, look for 21.4828 and 21.5519.

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 is trading under both its 20 and 50 period moving average (respectively at 21.2825 and 21.3001).

Supports and resistances

21.5519 **

21.4828 *

21.3669 **

21.3213

21.2707 last

21.1244

21.0555 **

20.9865 *

20.9175 **

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