Mon, 07 Apr 2014 14:27:39 GMT
EUR/SGD 4H Chart: Channel Down
After peaking at 1.7673 on March 13, the pair began moving downwards and has lost more than 450 pips since then. After touching pattern's resistance on April 3, the pair should, in theory, moved to the south and hit pattern's lower boundary. Nonetheless, the pair is performing another attempt to penetrate the resistance line, and according to aggregate technical indicators