FxWirePro: USD/MXN loses momentum but bullish outlook remains

• USD/MXN edged lower on Tuesday as investors awaited key U.S. economic data, central bank meetings, and the looming U.S. tariff deadline.

• U.S. President Donald Trump warned Monday that countries refusing to negotiate separate trade deals could soon face tariffs of 15%–20%, up from the 10% base rate he proposed in April.

• Markets broadly anticipate that the Federal Reserve will keep interest rates unchanged at the conclusion of its two-day monetary policy meeting on Wednesday..

• Markets will also closely watch key U.S. inflation and labor data this week for signs of tariff-related impacts on the economy. 

• Futures indicate a 97% probability that the Fed will hold rates at 4.25%–4.5% on Wednesday, while likely reiterating concerns that tariffs could drive short-term inflation higher.

•  Immediate resistance is located at 18.891(38.2%fib), any close above will push the pair towards 18.920 (Higher BB ).

• Support is seen at 18.618 (SMA 20) and break below could take the pair towards 18.514(23.6%fib).

Recommendation: Good to buy  around 18.700 with stop loss of 18.500 and target price of 19.100