EUR/MXN may rise to 21.3247 - 22.0286

Our pivot point is at 18.8624.

Our preference

The upside prevails as long as 18.8624 is support.

Alternative scenario

Below 18.8624, expect 17.6877 and 16.9885.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 19.1002 and 18.5024).

Supports and resistances

23.4363 **

22.7325 *

22.0286 **

21.3247

19.7853 last

19.3239

18.8624 **

17.6877 *

16.9885 **

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