EUR/MXN may rise 1595 - 2287 pips

21.1616 is our pivot point.

Our preference

Rebound towards 21.4826.

Alternative scenario

Below 21.1616, expect 21.0455 and 20.9764.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 21.2645 and 21.2915).

Supports and resistances

21.6209 **

21.5518 *

21.4826 **

21.4134

21.2539 last

21.2072

21.1616 **

21.0455 *

20.9764 **

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