• USD/MXN dipped on Friday as investors monitored the latest U.S. tariff threats as they digested economic data.
• Markets turned cautious on Friday after reports showed that Trump is insisting on a 25% car tariff and demanding at least 15–20% in any EU trade deal.
• The University of Michigan’s July survey showed stronger consumer sentiment and lower inflation expectations, but households still saw notable risks of rising prices ahead.
• Separate data showed, U.S. single-family home construction hit an 11-month low in June, as rising borrowing costs and economic jitters likely caused residential investment to shrink again in Q2. .
•Crude oil futures held steady as mixed U.S. data offset concerns that new EU sanctions on Russia could tighten global supply
• Immediate resistance is located at 18.941(38.2%fib), any close above will push the pair towards 19.042(Higher BB ).
• Support is seen at 18.566 (23.6%fib) and break below could take the pair towards 18.502(Lower BB).
Recommendation: Good to buy around 18.650 with stop loss of 18.200 and target price of 19.000
