EUR/MXN may rise 1336 - 1994 pips

Our pivot point stands at 21.3744.

Our preference

Rebound towards 21.6648.

Alternative scenario

The downside breakout of 21.3744 would call for 21.2639 and 21.1982.

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 21.4968 and 21.5695).

Supports and resistances

21.7963 **

21.7305 *

21.6648 **

21.5990

21.4654 last

21.4177

21.3744 **

21.2639 *

21.1982 **

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