Fri, 19 Sep 2014 08:02:56 GMT
EUR/SGD 4H Chart: Broadening Falling Wedge
Being unable to surpass the 1.71 mark, EUR/SGD was forced to enter a downward trend. There are certainly more bearish signals then bullish at the moment, even though the currency pair currently is moving closer to the down-trend's resistance line. One of the key drivers are the technical indicators, as daily and weekly ones still remain to the downside. Moreover,