USDMXN LONG

USDMXN HAS SHOWN STRONG MOVMENT TO THE DOWN SIDE SINCE THE 22 s ....

from a monthly , weekly & daily prospective we can easily see a strong Support Area around. 21.00 .- 20.90 ...

Despite the weakness of the Dollar & the good mood in Equity today , this Area seems a good one to add and try some LONGS ... BUT NO RUSH ..

ENYTRY 20.90-21
P T - 21.20-40
S L - 20.8

GOOD LUCK

Comment:

HELLO , AFTER TODAY FED RATE DECISION AND STATEMENT .. IT SEEM LIKE THE DOLLAR COULD CONTINUE TO BE HURT AND WEAKEN FOR SOME TIME ...
THEN TO STRENGHT SOME EMERGING MKT CURRENCYES. LIKE THE MXN ..
PREFER WAIT AND SEE ..
NOW NEUTRAL ...AROUND 21 ...DOING SOME INTRADAY TRADING

GOOD LUCK