EUR/MXN may rise 1378 - 2067 pips

Our pivot point stands at 18.8897.

Our preference

Rebound towards 19.1906.

Alternative scenario

The downside breakout of 18.8897 would call for 18.7739 and 18.7050.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 19.0198 and 19.0786).

Supports and resistances

19.3284 **

19.2595 *

19.1906 **

19.1217

18.9839 last

18.9352

18.8897 **

18.7739 *

18.7050 **

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