Ethereum Loses Ground Against Mexican Peso
June 15, 2020Ethereum Gains Ground After 2 Days of Losses
June 16, 2020
EURMXN CHART PRICE – EURMXN DAILY
EURMXN has been bouncing around in the support and resistance level, we don’t see a clear trend direction as of now, we need to monitor the price, in case it falls below the Ichimoku Cloud and gets closer to the support level we could make a short trade on this pair, currently bollinger bands are very narrow indicating that low volatility is expected as well as a sideways move for the price, be patient and continue monitoring these levels as well as the RSI, which is currently at 50%, if these numbers drop altogether then we could potentially Sell, moving averages are still moving towards lower levels, so it would be hard for the pair to go much higher.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.
