EUR/MXN may rise 1979 - 2969 pips

19.2507 is our pivot point.

Our preference

Rebound.

Alternative scenario

Below 19.2507, expect 19.0846 and 18.9857.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (19.3758) but below its 50 period moving average (19.4350).

Supports and resistances

19.8952 **

19.7963 *

19.6973 **

19.5983

19.4004 last

19.3159

19.2507 **

19.0846 *

18.9857 **

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