logo

FX.co ★ The USD/MXN is heading towards 22.239: Analysis for July 27, 2020

The USD/MXN is heading towards 22.239: Analysis for July 27, 2020

The USD/MXN is heading towards 22.239: Analysis for July 27, 2020

On the 4-hour chart, we see the USD/MXN pair is trying to reach the 22.239 level. If the bearish momentum is strong, the currency is likely to reach the 22.149 level as long as this pair does not retrace upwards and closes above the 22.619 level. If this level is breached by USD/MXN, then the whole downward movement and all the targets will be automatically canceled.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Open trading account