Tue, 02 May 2017 07:22:17 GMT
EUR/SGD 1H Chart: Rising Wedge
Following an apparent double top formation, EUR/SGD posted a gap, but still managed to accomplish what it had intended, namely – a reversal of the previously prevailing bear market. The cross is currently moving towards areas tackled in 2016, but has sketched a rising wedge on the hourly chart which now suggests that some downside risks are to take over