Tue, 10 Dec 2013 13:23:09 GMT
EUR/SGD 1H Chart: Channel Up
The past two days EUR/USD has been trading in a narrow range, being contained by two rising trend-lines that are 50 pips away from each other. The upper border of this pattern implies strong resistance at 1.7210, especially considering that it is reinforced by the August high. In the meantime, the lower boundary should not let the price fall beneath