EUR/SGD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The bullish pattern is rather a part of an upward correction following the Dec-Apr sell-off, but we can still expect an up-leg to 1.5550, namely to the Feb high. During the next several days or perhaps even weeks EUR/SGD is likely to decline to the lower edge of the pattern, but around 1.49 the Euro should bottom out and then rebound. For this to happen we first need a close below a dense demand area at 1.51, formed by the monthly R1 and some of the recent lows.
In the meantime, the technical indicators are either neutral or mixed, but most of the SWFX traders expect to profit from Euro's appreciation. Right now as many as 70% of open positions are long.
© Dukascopy Bank SA
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Thu, 18 Jun 2015 07:12:05 GMT

EUR/CHF 4H Chart: Channel Up

Similarly to what is happening with the other Euro-crosses, EUR/CHF also appears to be undergoing a bullish correction following a massive decline that transpired earlier this year. But in the near term there is a good chance of a decline to 1.0330 (lower trend-line of the channel), before the rate is able to resume the bullish correction. Accordingly, the support

Wed, 17 Jun 2015 13:49:03 GMT

EUR/JPY 4H Chart: Channel Up

EUR/JPY will reach the lower boundary of the bullish pattern as soon as the next week. However, at first the Euro has to depreciate below the monthly R2, weekly PP and 55-period SMA at 139.36. The next support zone is located at 138 (monthly R1, 100-period SMA and weekly S1), but these levels are going to merge with the pattern's

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