Mexican inflation is dropping but not fast enough

FX:USDMXN   U.S. Dollar / Mexican Peso
Today we saw the Mexican inflation come out lower than expected but it is not where the Mexican central bank wants it to be yet. For that reason, the work to slow inflation down is not done yet and they will have to at least keep the rates high... On the technical side, we see price failing to create a new higher high and we just broke below the structure for a potential short term bearish movement.
TP1 hit
TP 2 hit


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