With EUR strength likely to lead to verbal intervention from the ECB, and the direction of the USD being uncertain for now, EUR/SGD could be the way to express the view of SGD and Asian currency outperformance in the weeks ahead.
EUR/SGD looks set to break below the daily Ichimoku cloud. If 1.5950 breaks decisively, the move can quickly accelerate to test the lows of 1.5500s.
EUR/SGD looks set to break below the daily Ichimoku cloud. If 1.5950 breaks decisively, the move can quickly accelerate to test the lows of 1.5500s.