EUR/JPY: 123.70 awaits
EUR/JPY rebounded from the 123.00 level on the H4. The pair formed a “piercing line” pattern.
USD/MXN came in motion
Information is not investment advice
USD/MXN fell for three days in a row, dived below 50-day MA (19.15) and closed yesterday below the support line going through 2018 lows (19.04). The Mexican peso is supported by the rising oil prices, while the USD weakened ahead of the Fed’s meeting. If the pair slides below 19.00, the next level to watch on the downside will be 18.90 (100-week MA) ahead of 18.75. To recover to 19.15, USD/MZN needs to return above 19.07.
Elizabeth Belugina
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