Phoroneus

EURMXN - CHANNEL SHORT

Short
FX_IDC:EURMXN   EURO / MEXICAN PESO
1
While this pair hasn't respected it's long term channel too well - especially around the election - it has been in a strong up channel for the last 2 years. Friday's candle suggests that this pair will be bouncing off of the upper side of the channel in the short term. Be aware, this is a counter trend trade, so place your stop loss especially tight.
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