EURMXN Making a Slight Recovery
August 19, 2020XAUUSD Reached Support Level at 1927
August 20, 2020
USDMXN CHART PRICE – USDMXN DAILY
The Us dollar is making a recovery after yesterday’s session were it tested the resistance, in today’s trading session we see that the resistance is being tested again, currently trading slightly above that line, the Relative Strength index is at 46% which gives us evidence to believe there could be a breakout, the bollinger bands are steady and wide, but the price trades under the Ichimoku cloud giving us mixed signals, we need to wait for a breakout confirmation before going long, which would be the prediction for this pair, the USDMXN has not been able to go lower than 21.84 since June 12th.
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.
