EURMXN Potential Breakout

EURMXN CHART PRICE – ETHMXN DAILY

The Euro has been on a downtrend against the mexican peso for 9 sessions now, since the fundamental factors related to brexit came to light the euro and the pound have been struggling, the euro broke its support level at 25.17 in today’s session but was unable to hold the breakout, it closed very close to it with a dropping Relative strength index which is currently at 36% we could see the price break this resistance before making its way up again, the bollinger bands are getting wide, this could represent high volatility and a possible trend change.

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.