USDMXN Is About to Confirm a Breakout on the Support
June 15, 2020
Low Volatility Expected for EURMXN
June 16, 2020
ETHMXN CHART PRICE – ETHMXN DAILY
ETH closed with loses during the Sunday session, so far today it has been quite active in the first hours of the trading day, price has been falling so far, it reached and broke the support level at $5,042, but there was no confirmation and it bounced back up to the support, currently sitting on $5,110 we will wait and see how the pair behaves in the next hours and once we have a breakout confirmation I would place a short trade, however this could not happen in the short term as Bollinger Bands are getting closer together meaning there will be low volatility and the price might move sideways for a while. RSI levels have been falling, currently at 49%, meaning that more people are closing their long positions and placing shorts on ETHMXN.
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.
