EUR/MXN may rise 2020 - 2694 pips

Our pivot point stands at 21.4578.

Our preference

The upside prevails as long as 21.4578 is support.

Alternative scenario

Below 21.4578, expect 21.3450 and 21.2779.

Comment

The RSI is above its neutrality area at 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 21.5477 and 21.5310).

Supports and resistances

21.9532 **

21.8858 *

21.8185 **

21.7511

21.5491 last

21.5021

21.4578 **

21.3450 *

21.2779 **

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