EUR/MXN may rise 1361 - 2010 pips

21.1350 is our pivot point.

Our preference

The upside prevails as long as 21.1350 is support.

Alternative scenario

Below 21.1350, expect 21.0259 and 20.9610.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 21.1545 and 21.1239). Finally, the EUR/MXN is trading above its upper Bollinger band (standing at 21.2216).

Supports and resistances

21.5607 **

21.4957 *

21.4307 **

21.3658

21.2297 last

21.1778

21.1350 **

21.0259 *

20.9610 **

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