Tuesday, September 18, 2012

EUR/MXN intraday: the upside prevails.


Pivot: 16.6
Our preference: Long positions above 16.6 with targets @ 16.85 & 17 in extension.
Alternative scenario: Below 16.6 look for further downside with 16.52 & 16.44 as targets.
Comment: the pair has rebounded on its support and is approaching its previous high.

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