| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
The Euro has been appreciating sharply against the Singapore Dollar since the beginning of August. As apparent on the chart, the EUR/SGD currency pair reached the resistance level—the monthly R3 at 1.5558.
Note, that the exchange rate is supported by the 55-, 100– and 200-hour SMAs, currently located in the 1.5321/1.5482 range. Thus, it is likely, that the rate could surpass the given resistance and continue to go upwards. A possible target is the Fibonacci 38.20% retracement at 1.5669. However, if the given resistance holds, it is likely, that a reversal south could occur in the nearest future.
However, it is unlikely, that the pair could tumble lower than the 1.5183 mark due to the support of the Fibonacci 0.00% retracement.