Chart of the Day – DXY – (July 13th, 2023)

<div><p><div><h2 itemprop="headline">EURMXN is showing signs. </h2><div><div></div></div></div><br />
<section itemscope="itemscope" itemtype="https://schema.org/BlogPosting" itemprop="blogPost"><div itemprop="text"><p>The EURMXN is back at the 18.90’s as the 19.00 rate is key resistance for any counter trend rally. This is a fairly significant development in the #forex market as a move back above 19.0000 would signal a shift from investors away from a “carry trade” environment which is synonymous with the rise in stocks. If we are seeing this shift in the currency market, stocks may be nearing a point where investors are becoming about more worried about valuations. Channel support is at 18.4000, resistance is at 19.0000.</p>
<p><img decoding="async" class="alignnone size-full wp-image-10588" src="https://www.forexanalytix.com/blog/wp-content/uploads/2023/07/EURMXN_2023-07-13_11-12-00.png" alt="" width="1502" height="845" srcset="https://www.forexanalytix.com/blog/wp-content/uploads/2023/07/EURMXN_2023-07-13_11-12-00.png 1502w, https://www.forexanalytix.com/blog/wp-content/uploads/2023/07/EURMXN_2023-07-13_11-12-00-400×225.png 400w, https://www.forexanalytix.com/blog/wp-content/uploads/2023/07/EURMXN_2023-07-13_11-12-00-800×450.png 800w, https://www.forexanalytix.com/blog/wp-content/uploads/2023/07/EURMXN_2023-07-13_11-12-00-768×432.png 768w, https://www.forexanalytix.com/blog/wp-content/uploads/2023/07/EURMXN_2023-07-13_11-12-00-1500×844.png 1500w, https://www.forexanalytix.com/blog/wp-content/uploads/2023/07/EURMXN_2023-07-13_11-12-00-705×397.png 705w, https://www.forexanalytix.com/blog/wp-content/uploads/2023/07/EURMXN_2023-07-13_11-12-00-450×253.png 450w" sizes="(max-width: 1502px) 100vw, 1502px" /></p>
<p>Blake Morrow</p>
<p>Our <a href="https://www.forexanalytix.com/blog/category/technical-analysis/chart-of-the-day/">“Chart of the Day”</a> feature highlights standout technical analysis patterns and price moves. This type of analysis could be helpful if you are interested in our Trader Funding Program where you can also join an elite group of traders at Forex Analytix, <a href="https://traderfundingprogram.com/?ref=blake">click here to learn more</a>. Trade our money, take 75% of the gains and none of the risk.</p>
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</div></section></p></div><section itemscope="itemscope" itemtype="https://schema.org/BlogPosting" itemprop="blogPost"><div itemprop="text"><p>Steve Voulgaridis</p>
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