© Dukascopy Bank SA
The currency pair neither was willing to overcome the up-trend resistance at 1.7050 nor was it able to cross the up-trend support at 1.6937 during two weeks. However, on October 4, the pair broke through the lower-boundary of the pattern that may have led to a massive sell-off but EUR/SGD unexpectedly returned back to above the lower-limit of the pattern and now is struggling to consolidate at this level thus raising uncertainty about future direction.
© Dukascopy Bank SA