USDMXN Breaks Support Once Again
August 17, 2020
EURUSD Finds New High in Over 2 Years
August 18, 2020
EURMXN CHART PRICE – EURMXN DAILY
After having a losing week the euro grabbed strength again and did not complete the support breakout, in today’s trading session it has gained more than 200 pips and it looks like it could continue going up, the bollinger bands look wide which means we can expect volatility and the moving averages indicate an uptrend as well, the price trades above the ichimoku cloud and the Relative Strength Index has gone up to 53%. There are many conditions that make us believe that the price could reach the 26.70 levels by the end of the week, make sure you monitor the RSI and make the right decisions when the time comes to close up the long trade.
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.
