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USDMXN has been responding nicely to Fib retracements at 50% and 76%. Now breaking trough the 1% the target is set for 12.75
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50% retracement @ 1.5784 has acted as resistance twice before has now turned into a good support level. Recent price pattern marked higher highs and higher lows confirming short term up-trend. Sustained move through 1.5910 should trigger stops on the upside. Now talk of large strikes @ 1.5825 emerge. This helps: DRAGHI'S BOND PLAN SAID TO PLEDGE UNLIMITED,...
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