First Target Hit
12/09/2017 (Graph Above - Source - Bloomberg)
LONG USD/MXN
08/09/2017
A massive earthquake has hit southern Mexico and as a result we expect the Mexican Peso to come under pressure in the short-term. This is contrary to the current trend in US Dollar weakness therefore please maintain the set risk parameters.
ENTRY: Current price level
STOP LOSS: 17.5800
TARGET PRICE 1: 17.8000
TARGET PRICE 2: 17.9100
Chart Source: Bloomberg
Timeframe: Daily
Musa Makoni | Trading Specialist at GT247.com
Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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