7640874 7/12/2017 5:18 PM, EUR/MXN intraday: the downside prevails as long as 20.6070 is resistance


Our pivot point stands at 20.6070.


Our preference

: the downside prevails as long as 20.6070 is resistance.


Alternative scenario

: above 20.6070, look for 20.7084 and 20.7688.


Comment

: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 20.5387 and 20.5392).


Supports and resistances

:

20.7688 **

20.7084 *

20.6070 **

20.5671

20.5067 last

20.3861

20.3258 **

20.2655 *

20.2052 **