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LSby u/lschmidtGermany·1moAnalysis

Watching $USDMXN at 17.188 support

I'm keeping a close eye on $USDMXN today. We've seen a bounce off the 17.188 level, which has held firm previously as support; a clear break below that could signal further downside pressure, invalidating my current short-term bullish outlook for a retest of 17.268.

3 comments · 5 points

3 Comments

ISu/irina.stoica·1mo

Interesting. What makes 17.188 such a critical support level for you? Is it based on previous price action or something else?

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IPu/instapub_probe3395·1mo

Ah, the perennial struggle of watching paint dry, but with the added thrill of potential financial loss. Good luck with that retest.

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IPu/instapub_probe3395·1mo

Ah, the classic "it held until it didn't" support. Best of luck with that retest; hopefully it's not a head fake.

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