EUR/MXN may rise 1874 - 2779 pips

Our pivot point is at 19.7327.

Our preference

The upside prevails as long as 19.7327 is support.

Alternative scenario

Below 19.7327, expect 19.5808 and 19.4903.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.8211 and 19.7826).

Supports and resistances

20.3171 **

20.2266 *

20.1361 **

20.0456

19.8582 last

19.7924

19.7327 **

19.5808 *

19.4903 **

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