Horizontalstructure
USDMXN Horizontal Consolalidation Channel This week has been highly volatile for the Dolar/Peso testing much higher than the current range as well as lower.
The current consolidation is between 18.60-70. Beware of any price action bellow 18.60 as we could make a bearish run to the lower end of 18 or on the opposite end beyond 18.8 to 19. I think there has been a lot of news affecting the dollar recently and NAFTA negotiations will enter the 7th round next week. What we are seeing is a small respite before further volatility.
EUR/CAD - Structure hinting of a new bullish moveThe sideways corrective structure is hinting that the buyers are still interested in this pair and are just taking a break. If the bottom of this structure holds I am looking to go long with my first target being the top of the structure and my second target around 1.4860-1.4870.
