ETHUSD Could Drop to Support Level
June 30, 2020
EURMXN Breaks Support Level
July 1, 2020
USDMXN CHART PRICE – USDMXN DAILY
Mexican Peso broke the resistance level found on our Fibonacci Retracement on Sunday but bounced back Yesterday to close below this resistance, however in the few hours of todays trading session we see that the price is already above this resistance level, we will need to await for a confirmation in order to go Long, Relative Strength Index is currently at 56%, we have a chance to monitor this level and the price for a few hours and make a decision, if they increase I would place a Buy order, yesterday mexican peso reached its highest level since May 21st, the bollinger bands look solid and opening up, we can expect volatility during the trading session. Once the RSI level reaches more than 70% it will be time to close those buy positions hopefully at a much higher price level. We estimate the price could jump to the 23.8 levels in the next few days.
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.
