GBPMXN Unable to Reach Support Level
August 25, 2020
ETHMXN Recovers Some Ground
August 26, 2020
EURMXN CHART PRICE – EURMXN DAILY
The euro has been trading below the support level at 26.04 for 2 days now and we can now confirm the breakout, we see that the Relative Strength Index is slowly going down, currently at 45% which gives us enough room to place a short trade and still get a good trade if nothing else happens in the markets, the bollinger bands are closing up slowly but they are still wide enough to expect high volatility, and even with the moving averages getting further apart we still see a downtrend coming in the next days, it might take a little longer for the moving averages to react to the recent price 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.
