Tue, 26 Nov 2013 14:42:56 GMT
EUR/SGD 1H Chart: Channel Up
After touching a low of 1.6561 on November 7, EUR/SGD began its rally, and 313 hours later is trading at 1.6959. The upward movement was steep and rapid, however, aggregate indicators on a hourly chart are still suggesting further appreciation. As an alternative scenario, we can see a pullback to 1.6890, as both market sentiment and pending orders, are strongly