based off my analysis i believe this will be the best time to sell euro. However we are still waiting for the markets to react on monday than psosibly this week. make sure to keep a close eye. This is most likely going to be a bull run downwards.
Technical outlook towards EUR/MXN
We were messaged to analyse this pair, since we last looked at this pair was July - Great momentum it has had. It was 1hr chart this time, I am going through daily - Why?
***Higher time frame indicates shorter time frame of movement! ***
Technical outlook:
Pattern wise - we are being squeezed within price action of a...
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Expecting the Euro/Mexican Peso pair to seek discount pricing (lower low) after it was met with bearish repricing at the 28.00 level. The OB on the Daily chart should be able to propel price lower attacking Sell-side liquidity and seeking discount prices at the...
ON the monthly Time frame, we see that the market was rejected to the upside after making a retracement. And it is important to note that level was a nonetheless perfect spot for that retracement because it aligns with the 38.2 fib level. The situation is more interesting on the weekly because, after breaking the demand area created on the weekly we saw that the...
