Monthly chart -
monetary authorities of euro still don't lift up interest rates. But market expects this a long time already. This guess can pushing euro to up, in same time Singapore monetary authorities makes very active policy and already have 0.8% of main rate versus -0.4% in euro. But expectations still plays huge role, and euro can to move up. Weekly chart
- on weekly chart, pair moves in lower border of BANDS
. Pair still returns from high, that was 15 bars ago.CCI ( -170 )
, and it was -200 few days ago. Last bars are increasing, what can be a new local bullish trend.STOCH ( 11 )
it is a very low value, euro under strong pressure, moves to down without rebounds Daily chart -
on daily chart, CCI (-134) and STOCH ( 8) shows how they different from weekly chart, while CCI have more positive value, STOCH have a more negative value. Current mood is uncertain in this pair.
BANDS extremelly falls, but pair still dont touch lower border.
I wait from the pair further small decrease, without decent rebounds that can allow some traders to leave from downward motion.