EUR/MXN may rise 1425 - 2073 pips

Our pivot point is at 21.0673.

Our preference

The upside prevails as long as 21.0673 is support.

Alternative scenario

Below 21.0673, expect 20.9585 and 20.8937.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 21.1375 and 21.0984).

Supports and resistances

21.4922 **

21.4273 *

21.3625 **

21.2977

21.1552 last

21.1101

21.0673 **

20.9585 *

20.8937 **

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