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EURMXN longer term

Long
Euro / Mexican Peso (FOREXCOM:EURMXN)  
ForexAnalytix  
FOREXCOM:EURMXN   Euro / Mexican Peso
Trend Analysis Beyond Technical Analysis EURMXN mxn peso mexicanpeso
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trendanalysis beyondta eurmxn mxn peso mexicanpeso
$EURMXN is making higher lows in a descending wedge which is typically a reversal setup (higher in this case). There is a strong inverse relationship with risk assets (SPX in this case) so a move above 24.1700 would be a very bullish event.
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