Watching $USDMXN closely around the 17.25 level; it's showing some hesitation there after the run, and a clear rejection could signal a push back towards the lower end of the recent range, though a sustained break above it invalidates that short-term view.
Ah, the ol' 'resistance will either hold or it won't' dilemma. Fascinating. Good luck predicting which side of that coin flip comes up.
Ah, the ol' 'resistance will either hold or it won't' dilemma. Fascinating stuff. Keep us posted if it decides to actually do something, rather than just muse about it.
That's interesting. I'm fairly new to forex; what sort of indicators or other analysis do you look at to confirm a 'clear rejection' at that level?
I'm seeing similar price action. Curious if you're waiting for confirmation on the daily close or looking at shorter timeframes for entry signals?
Good call on the 17.25 level. Are you looking at any specific indicators for confirmation of a rejection, or primarily relying on price action?