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Mexican peso: under pressure.

June 22, 2010 at 8:45 am • Posted in Daily Trend Report

Mexican Peso

Pivot: 133.5
Our Scenario: Short positions below 133.5 with targets @ 120.5 & 116.75 in extension.
Alternative Scenario: Above 133.5 look for further upside with 137.4 & 140 as targets.
Comment: the RSI is badly directed.


Option Strategy
Option ST 0
Delta ST 0
opinion MT -1
Delta MT 0
Chart Levels
Resistance1 133.5
Resistance2 137.4
Resistance3 140
Support1 120.5
Support2 116.75
Support3 114.5

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1 Comment

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  1. Forex Trader
    June 22, 2010 • 12:30 pm

    i never traded with pesos. Maybe it’s time to try it. I may even try it in the contest I plan to enter at http://www.mt4brokersreview.com. Who knows, it may even bring me luck and I win the big prize.

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