USDMXN long term analysis - Market decision is near.
Price looks like beeing squeezed in a triangle between 2 opposites trends.
Market is undecided, outcome is coming. Prepare to choose the right trend within a couple of month. With probably a nice brakeout.
My bet is that the outcome will be NORTH as
* 12.93 is a 50% fibo support
* Longer term uptrend will play out
* USD becomes stronger on the market
Market is undecided, outcome is coming. Prepare to choose the right trend within a couple of month. With probably a nice brakeout.
My bet is that the outcome will be NORTH as
* 12.93 is a 50% fibo support
* Longer term uptrend will play out
* USD becomes stronger on the market
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