FxWirePro: USD/MXN hovers near key fib support, breakdown looms

• USD/MXN initially rose but later retreated as risk-off sentiment gripped  markets following Israeli strikes on Iran’s nuclear sites and missile facilities.

• A specter of uncertainty loomed over the Middle East after Israel launched widespread military strikes on Iranian targets in a bid to deter Tehran from advancing its nuclear ambitions.

• Trump claimed Iran provoked the attack by resisting U.S. demands in nuclear talks and urged Tehran to strike a deal, warning that future strikes would be 'even more brutal.

• The attacks triggered Iranian retaliation and stoked fears of oil supply disruptions Brent crude   was up 7% at $74.20 a barrel  .

•  Immediate resistance is located at 19.110 (Daily high), any close above will push the pair towards 19.219(38.2%fib).

• Support is seen at 18.552(23.6%fib) and break below could take the pair towards 18.791(lower BB).

Recommendation: Good to sell around 19.000 with stop loss of 19.200 and target price of 18.700