Weekly Price Action Setups & Trade Ideas | Apr 26 - May 1

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Forex Trade Idea: EURMXN – Holding Dynamic Support, Potential Breakout (daily charts)

Price Action Context

As we wrote in our ‘Is the stock market going to crash?‘ article, we suggested shorting EM FX, particularly MXN, RUB & ZAR.

The EUR has been particularly strong against MXN and has formed a corrective structure at the top of its recent bull move (yellow box).

With pullbacks holding at dynamic support (20 EMA) and continuing to press …

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