| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
The EUR/SGD currency pair continued to trade downwards within the falling wedge pattern.
Currently, the pair is testing the upper pattern boundary at the 1.5327 mark. From a theoretical perspective, it is expected, that that a reversal south occurs in the nearest future, and the exchange rate continues to trade within the given pattern. Important level to look out for is the Fibonacci 0.00% retracement at 1.5183.
If the given pattern does not hold, it is likely that a breakout north occurs soon. A possible upside target is the psychological level at 1.5400.