This has been one of the most oversold episodes of the stock in it´s history. I think it might bounce back maybe to the 38.2% of the fibonacci scale. around 13 pesos.
PESO Has been oversold in time because of internal debt factors but must of all, Brexit, Trump Rhetoric, and is way oversold. Trump has an anti-Mexico view nevertheless, Mexico is a country that provides much of US based companies flows. So real competition must be viewed as blocks. European and Asian blocks are the real competition for the US, so inflows will...
