Waiting for stronger bullish price action before setting up buy stop order near current base fib with SL few pips below 21 and TPs at R1 and R2 pivot lines. Despite the US trade deficit with Mexico, there is strong support 20, and USDMXN is more likely to bounce up soon and resume its bullish trend based on overall sentiment in USD and MXN peso.
fxstreet.com/news/usd-mxn-down-137-on-the-day-us-trade-deficit-with-mexico-at-60-billion-201701271940
dailyfx.com/forex/market_alert/2017/01/26/Mexican-Peso-Slumps-After-Trump-Threatens-No-Show.html
D:
W:
fxstreet.com/news/usd-mxn-down-137-on-the-day-us-trade-deficit-with-mexico-at-60-billion-201701271940
dailyfx.com/forex/market_alert/2017/01/26/Mexican-Peso-Slumps-After-Trump-Threatens-No-Show.html
D:
W:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.