SHCOMP Finally End the Downtrend of a Week
July 17, 2020
BTC Gets Close to Support at 205,466.39
July 20, 2020
EURMXN CHART PRICE – EURMXN DAILY
Euro had a bad reopening as it lost all the progress it made during yesterday’s trading day, its currently trading less than 100 pips above this support level, we could expect the price to reach its support and then a break it, the Relative Strength Index is at 55% and it barely moved in the last 3 trading days, if RSI starts dropping then I would go ahead and place a short trade, we feel that it is more likely for the price to drop and break support than to have gained in the short to medium term. The moving averages are indicating an uptrend since EUR had a very good month during June, however, the charts show that the EUR has been having problems breaking the 26 levels, the price is trading inside the Ichimoku cloud indicating uncertainty, but this is a good pair to monitor during the next hours since we expect some movements during the reopening of the European session.
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.
