FxWirePro: USD/MXN downtrend extends ,eyes 23.6%fib support

• USD/MXN drifted lower on Friday as investors were caught off guard by U.S. President Donald Trump's latest unexpected trade announcement.

• Global markets were shaken by Trump’s Truth Social announcement recommending a 50% tariff on all European Union goods starting June 1..

• This announcement immediately sparked renewed tariff fears, reversing the easing seen in recent weeks after the U.S. struck trade deals with partners like the United Kingdom and China.

• Risk sentiment remained fragile as markets grappled with the long-term fiscal impact of President Trump’s tax overhaul, which is expected to increase the U.S. debt by a massive $3.8 trillion over the next ten years.

 • At GMT 16:56, the pair was trading up  0.15 percent  at 19.281 

•  Immediate resistance is located at 19.483(38.2%fib), any close above will push the pair towards 19.627(50%fib).

• Support is seen at 19.229(23.6%fib) and break below could take the pair towards 19.000(Psychological level).

Recommendation: Good to sell around 19.300 with stop loss of 19.600 and target price of 19.100