GBPUSD Lost Its High of the Year
August 19, 2020
USDMXN Could Break Resistance Level at 22.17
August 19, 2020
EURMXN CHART PRICE – EURMXN DAILY
The Euro almost reached its support level at 26.05 level in yesterday’s session and now it is recovering some ground, it’s hard to make a price prediction at this point since the Relative Strength Index is low, currently at 52% and we were expecting the price to continue rising but today it has gained almost 70 pips, the bollinger bands are getting narrower but they are still wide, while the price trades over the Ichimoku cloud, we do not have enough evidence to support a downtrend so we would wait a few hours before making a trading decision, if the price continues to climb we could potentially place a long trade, if it fights the uptrend we could decide to go short, for now all we can do is wait and monitor the RSI level.
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.
