7pasos

Peso Mexicano por debilitarse

Long
FX:USDMXN   U.S. Dollar / Mexican Peso
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The mexican peso is poised to weakening due the Elliott Wave pattern that seems in place.
Although is not really clear the primary (black) count, even if the 12.5 breaks down still the alternative posibility of an expanded flat (red count).
Fundamentally shows also weak if USA decelerates faster than expected and if this leads to a downward movement in oil prices because a weaker global economy

Comments

The system totally screwed the wave count so close this to publish it
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