Get started
EUR/SGD
Long

EURSGD rebound opportunity

By mechanicfx
Updated
The EUR has taken heavy hits on Friday and dropped across the board. The outlook might be a negative one after all. But experience tells that there is most likely a temporary rebound before the way down continues. Trading the rebound requires good timing and picking the right pair. According to my model the best opportunity is in EUR/SGD. The Friday drop has formed a channel low on the H4 time frame in this symbol. This offers a good risk/return setting with resistance at 5.260 and target at 5.350.
Order cancelled
Support broken. The setup is invalidated
EURTechnical Indicatorsrebound
mechanicfx
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.