• Home
  • Strategies
  • VPS
  • Education
    • Trading Basics
      • Forex Basics
      • Who Trades Forex and Why?
      • Learn to Trade
    • Top Cryptocurrencies
      • What is Cryptocurrency?
      • The Major Cryptocurrencies Traded Globally
      • Cryptocurrency Liquidity
      • Cryptocurrency Trading Strategies
      • Basic Understanding of Bitcoin
      • Basic Understanding of Ethereum and Its Currency Ether
  • About Us
  • Contact
  • FAQ
  • Glossary
GBPMXN Unable to Break Support at 27.08
September 17, 2020
BTCUSD Slows Down After Reaching Resistance
September 17, 2020

EURMXN Closing up to Support at 24.69

Published by TradersColo at September 17, 2020
Categories
  • forex
Tags
  • chart patterns
  • eurmxn
  • technical indicators
  • trend analysis
eurmxn-traderscolo
eurmxn daily chart

EURMXN CHART PRICE – EURMXN DAILY

The euro came very close to the support level found on our fibonacci retracement, in today’s session it is having a small recovery of 0.19%, it is behaving very similar to the GBPMXN pair, there is a strong positive correlation between the two pairs, the EURMXN pair is more responsive to the technical indicators, we can see that once the relative strength index level was at 30% the market started to react adequately and the pair started the session with gains, this could be a turning point for the euro recovery, if it is unable to breakout the support at 24.96 we could see it bounce and at some point next week see the price level closer to its resistance, it would depend a lot on  today’s trading session and the weekend gaps, this pair os worth keeping an eye on, there is a lot of potential once the trend change begins.

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.

Share
1
TradersColo
TradersColo

Related posts

October 9, 2020

GBPMXN Breaks Support at 26.67


Read more
eurmxn-traderscolo
October 9, 2020

EURMXN Tests Resistance at 25.18


Read more
October 8, 2020

USDMXN Continues Downtrend


Read more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search Strategies

Browse by Asset Class

  • commodities
  • cryptocurrency
  • debt
  • energy
  • equities
  • forex
  • indices
  • precious metals

Recent Articles

  • 0
    GBPMXN Breaks Support at 26.67
    October 9, 2020
  • eurmxn-traderscolo0
    EURMXN Tests Resistance at 25.18
    October 9, 2020
  • 0
    USDMXN Continues Downtrend
    October 8, 2020
  • 0
    BTCUSD Low Volatility
    October 8, 2020
  • 0
    ETHUSD Unable To Break Resistance at 351.48
    October 7, 2020
  • 0
    LTCUSD Low Volatility
    October 7, 2020

Follow Us for Real Time Updates From Our Analysts

  • Facebook
  • Instagram
  • Twitter

Cookies

Privacy Policy

Risk Disclosure

Terms of Use

Follow TradersColo

© 2012 - 2021 Traderscolo. All Rights Reserved.