EUR/MXN may rise 1497 - 2169 pips

Our pivot point is at 21.4673.

Our preference

Rebound towards 21.7784.

Alternative scenario

Below 21.4673, expect 21.3545 and 21.2873.

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 21.5693 and 21.6085).

Supports and resistances

21.9128 **

21.8456 *

21.7784 **

21.7112

21.5615 last

21.5116

21.4673 **

21.3545 *

21.2873 **

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