grndsn

grndsn

USDMXN is in a downward slide into the 61.8 monthly Fibonacci level. keep tight stops, and be on the look out for a retracement or maybe market would break through this level at 17.2821 and go to the monthly 50 Fibonacci level at 15.8157

grndsn

looking at the monthly chart. this is a bull run to 1.4900

grndsn

SINCE EUR/USD BROKE THROUGH RESISTANCE ON THE WEEKLY CHART AT 1.34156 THE NEXT MAJOR RESISTANCE ON CHART IS AT MONTHLY 1.49389.