GBPMXN Shows Strong Support
June 22, 2020
ETHUSD Breaks Resistance
June 23, 2020
EURMXN CHART PRICE – EURMXN DAILY
EURMXN is currently trading under the Ichimoku Cloud meaning that we could start seeing a downtrend in the next few days, price is about to reach a resistance level at 25.6511, however it might take some time before it hits, at that point we would need to wait and see if we get a confirmation or if it starts to come back down to its support at 23.7183. Bollinger Bands are slightly opening, so we can have some volatility in the next few days, the Relative Strength Index is at 52% it’s been decreasing slowly which means that less traders are going long on this pair. Once we see the RSI decrease and the price starts dropping we could anticipate a downtrend could start developing.
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.
