EUR/SGD 4H Chart: Rising Wedge

Pair seems gradually recovering the losses that occurred in the end of August/beginning of September. Due to this distinctive move we use Fibonacci retracement in our analysis. At the moment pair is trading in the middle of the trading range (gap between the pattern's support and resistance) which at the moment is 80 pips. There is approximately 30 pips left till the pattern's apex (at 1.7017 on 2nd of October, 12.00 GMT), but it seems that we will see a breakthrough prior to that As short term technicals give a rather strong indication about further appreciation and long term technicals give unanimous, beside few neutral individual technicals, buy signal.