USD/MXN is at the support line

USD/MXN is at the support line

Trade idea

BUY 19.25; TP 19.38; SL 19.21

USD/MXN has reached the support line which has been limiting its downside since the middle of 2017. The line’s currently supporting it in the 19.07 area. The price action on the D1 is in line with the parameters of the bullish Gartley harmonic pattern. As a result, USD/MXN has a technical capability to get higher. The odds of the bullish scenario will increase if it rises above the 200-day MA at 19.2480. The initial target will be at 19.38 (100-day MA).



How to trade EUR/GBP?

The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.

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