Get started
Euro / Mexican Peso

EURMXN 4H

By MTForexBook
Updated
There's a clear triangle pattern. We are close to testing the ascending line. Watch this test for another move up or and break-retest-fall.
Comment
On a 1H view, we've retested the ascending line. However, we have not come back to retest on a 4H view. It doesn't always have to happen, but it would be the extra confirmation. At minimum, I would like to see the blue box pictured break. Otherwise, we might see another fake out as it continues to rise.

snapshot
EURMXNForexSupport and ResistanceTrend Lines

Disclaimer

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.