Thu, 13 Feb 2014 12:56:23 GMT
USD/SGD 4H Chart: Channel Down
After hitting a high of 1.2831, right at the level of weekly R2, the pair refused moving any higher and began a strong downside movement. So far the pair has plunged more than 180 pips, and the continuation of this trend is more likely rather than a penetration of the resistance line. At the moment of writing 71% of traders