BTCUSD Breaks Support and Sinks
September 2, 2020
USDMXN Could Reach Support at 21.31
September 3, 2020
EURMXN CHART PRICE – EURMXN DAILY
The euro has been losing ground to the mexican peso for 3 consecutive trading sessions, it is now trading inside the Ichimoku cloud which could be seen as uncertainty however the trend is too strong and it needs to go through the cloud to consolidate, the cloud is thick and it could take some time for the price to go under it, which is also risky because it could start recovering before reaching its support at 24.9, the relative strength index is falling with the price, currently at 41% it lost 10% in just 3 sessions, the bollinger bands are wide and we can expect volatility in the next days, the moving averages are closer to a cross that could also indicate a downtrend.
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.
