EUR/MXN may rise to 20.7117 - 21.4208

18.2707 is our pivot point.

Our preference

As long as 18.2707 is support look for 21.4208.

Alternative scenario

Below 18.2707, expect 17.0849 and 16.3791.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (19.4353) but above its 50 period moving average (18.6712).

Supports and resistances

22.8391 **

22.1300 *

21.4208 **

20.7117

19.2576 last

18.7365

18.2707 **

17.0849 *

16.3791 **

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