Fluctuations in GBPJPY
July 27, 2020
BTCUSD Started With a Loss
July 28, 2020
EURMXN CHART PRICE – EURMXN DAILY
The Euro got very close to its support level at 25.63, the last candle reached 25.67, barely short of touching that level after the trading session closed, the new candle has started the day with minimal gains, the moving averages indicate that a short trend could continue, the Relative Strength Index is not being very helpful for me right now as it is currently at 52%, the euro could start gaining ground to the Mexican peso or it could break the support and continue to go lower, I’m going to wait a few more hours to see the EURMXN behaviour to make a trading decision, it would be very anticipated to place a trade right now, as there is not a clear indication that the downtrend would continue, even if the Bollinger bands show that a change in trend is not to be expected, this could change any minute, the price is trading above the Ichimoku cloud, and that is often an indicator of uncertainty.
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.
