EURMXN..another wedge, another break?

EURMXN seems to be attempting a retest of the downtrend after it latest attempt to break out of the wedge. There is a history of false breaks over the last 3 years, but when it goes it really goes. Stochastics look a bit oversold in the s/t so the downtrend might hold this time and fuel a move higher.

Komen:

Boom. EURMXN is following our script after the break and retest of the downtrend. Expect much higher levels in the next few weeks/months.