Monetary authorities of euro still don't lift up interest rates. But market expects this a long time already. This guess is 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 moves up.
On weekly chart, pair situates in middle of BANDS
. Pair returns from high, that was 10 bars ago.CCI ( -64 )
, but for to overwrite minimum value is too far. Last bar is green, what can be a new local bullish trend.STOCH ( 29 )
Close to 20, what will be indicate a starting of oversold.
On daily chart, CCI (11
)and STOCH ( 55)
shows a bit mirror pattern that was on weekly chart, it shows that pair still on bulish side but already moves to down. Borders of BANDS
for long times is not touching by eur/sgd, it can indicate living of consolidation forms.