ETHMXN Slight Recovery
August 21, 2020
GBPMXN Closer to support level at 28.64
August 21, 2020
EURMXN CHART PRICE – EURMXN DAILY
The Euro broke the support level and is now fighting to recover, we see that the Relative Strength Index dropped in the last few days from 58 to 46 which indicates that the downtrend could continue however the price is slightly recovering and at some point it almost touched what has now become the resistance, the moving averages are wide and indicate an uptrend and the price trades over the ichimoku cloud we would need to wait for a clear signal in order to go short on this pair, but it is worth taking a look at it in the next few hours.
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.
