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aiza_belle
Jan 31, 2017 10:34 AM

USDMXD Resume Buy Soon Long

U.S. Dollar/Mexican PesoFXCM

Description

Waiting for stronger bullish price action before setting up buy stop order near current base fib with SL few pips below 21 and TPs at R1 and R2 pivot lines. Despite the US trade deficit with Mexico, there is strong support @20, and USDMXN is more likely to bounce up soon and resume its bullish trend based on overall sentiment in USD and MXN peso.


fxstreet.com/news/usd-mxn-down-137-on-the-day-us-trade-deficit-with-mexico-at-60-billion-201701271940

dailyfx.com/forex/market_alert/2017/01/26/Mexican-Peso-Slumps-After-Trump-Threatens-No-Show.html

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