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ETHUSD With Small Gains
October 2, 2020
LTCUSD Market Uncertainty
October 5, 2020

Eurmxn Continues Plunging

Published by TradersColo at October 5, 2020
Categories
  • forex
Tags
  • chart patterns
  • eurmxn
  • technical indicators
  • trend analysis
eurmxn-traderscolo
eurmxn daily chart

EURMXN CHART PRICE – EURMXN DAILY

The Euro has been in a downtrend since September 30th and its about to break an important support level, at this point there could be a reversal or a breakout confirmation, this trading day plays a big role for the short term future of the exchange rate the support level is at 25.17 and current price is at 25.19with a 0.12% gain from previous session, we see that the Relative Strength Index fell from 63% all the way to 42% in 4 trading days, this tells is that there is a big change for the price is able to break the support, once we get closer to the 30% level the downtrend might start coming to an end, the bollinger bands are wide and we can expect volatility during the session.

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.

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