The price has been rejected again at the trend line.
I believe that the price will begin an uptrend from here until $400. If not, price will hit the upper trend line at $272. I will publish another chart when I see the price reaction at $272.
The price action has completed a five move complete correction. Next stop for USDMXN is at 17.
Given bullish divergence at the previous structure level, I will go long till the trendline.
According to my wave analysis, we are going to begin a new impulse out of the channel. The price action has completed a full impulse down on the monthly time frame. Next stop is .85.
EURUSD is beginning the third wave of a 3-3-5 flat correction.
I believe that the market will have a sharp move up before it resumes its downtrend.
After a five wave impulse move, we will have an ABC correction to 1.26.
I believe that we are going through 3-3-5 flat correction. We will have a five wave impulse move down to 90.