EUR/MXN may rise 1358 - 2016 pips

21.3899 is our pivot point.

Our preference

The upside prevails as long as 21.3899 is support.

Alternative scenario

Below 21.3899, expect 21.2795 and 21.2138.

Comment

The RSI is above 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 21.4457 and 21.3988). Finally, the EUR/MXN has crossed above its upper Bollinger band (21.4830).

Supports and resistances

21.8252 **

21.7595 *

21.6937 **

21.6279

21.4921 last

21.4333

21.3899 **

21.2795 *

21.2138 **

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