EUR/MXN may rise 1372 - 2039 pips

Our pivot point stands at 21.2919.

Our preference

Rebound towards 21.5845.

Alternative scenario

Below 21.2919, expect 21.1799 and 21.1133.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 21.3874 and 21.4795).

Supports and resistances

21.7178 **

21.6511 *

21.5845 **

21.5178

21.3806 last

21.3358

21.2919 **

21.1799 *

21.1133 **

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