The pair is falling before the statement of the Federal Reserve, posting the first loss after rising during four days in a row, sliding back under the 21-day moving average. The upside lost strength around the 19.00 area signaling that the area continues to be a relevant technical level and also that price appears conformable. If it rebounds and rises on top, the bias would favor the upside. Bullish signals from the chart and technical indicators eased today and a daily close around current level could suggest some consolidation ahead and a possible test of 18.80, particularly if over the next sessions USD/MXN drops below 18.85. On a wider perspective, a break under 18.70 would signal more losses ahead, while on the opposite direction a confirmation above 19.05 targets 19.15 and if the US dollar keeps rising the next level to watch is 19.30. USD/MXN Daily Chart Spot: 18.88 Daily high: 19.07 Daily low: 18.85 Support Levels S1: 18.80 S2: 18.70 S3: 18.50 Resistance Levels R1: 19.07 R2: 19.15 R3: 19.30 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP: At 0.89 in a 1-3 month perspective, risks skewed to the upside – Danske Bank FX Street 4 years The pair is falling before the statement of the Federal Reserve, posting the first loss after rising during four days in a row, sliding back under the 21-day moving average. The upside lost strength around the 19.00 area signaling that the area continues to be a relevant technical level and also that price appears conformable. If it rebounds and rises on top, the bias would favor the upside. Bullish signals from the chart and technical indicators eased today and a daily close around current level could suggest some consolidation ahead and a possible test of 18.80, particularly if over… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
