USD/MXN Looking Bearish - Elliott Wave Analysis
Gregor Horvat | Feb 24, 2020 05:14AM ET
USD/MXN made a bearish development from the 20.25 region, where we labeled a completion of a bigger triangle correction in wave B). We also saw a big move down following that broken trendline support so it looks like bears can be in play for a much bigger sell-off. But before that trend may continue we expect a corrective rise back to the upper trendline of the current channel.
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