EUR/SGD - soon to begin move down

2 mar

After having completed 5 waves up from Sep'22 to Jul'23, EUR/SGD is coming down in what is likely a corrective ABC move, in which the A wave and B wave (in the form of an ABCDE correction) are already complete. A C wave is now due which would ideally take the rate down to the 0.618 retracement of the 5-wave move up at 1.416 SGD per Euro.

29 lis

Zlecenie aktywne

It took more than 6 months but the move to the downside has finally played out and a low could now be in place