EUR/MXN may rise 1353 - 2026 pips

Our pivot point stands at 21.4905.

Our preference

Rebound towards 21.7885.

Alternative scenario

The downside breakout of 21.4905 would call for 21.3775 and 21.3103.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 21.5926 and 21.6293).

Supports and resistances

21.9230 **

21.8557 *

21.7885 **

21.7212

21.5859 last

21.5349

21.4905 **

21.3775 *

21.3103 **

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