EUR SGD

Eur sgd in bearish mkt , the currency downtrend continuation remains in focus as Singapore dollar may strengthen against the euro in near term .
Eur sgd resumes downtrend after trending key resistance level at 61.8 % retracement at 1.5820 ( AB ) forecasting CD at 1.4300.
From trend perspective the weekly time frame is bearish while the daily time frame is also bearish with price trading below kumo breakout and tenkan sen / kijun sen bearish cross .
price projection 1st of may 2016 at 1.4850





ICHMOKU TREND ANALYSIS

weekly ........................................... bearish mkt
daily ................................................. bearish trend







TECHNICAL AND TREND VIEWS




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