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Euro vs Singapore Dollar

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EURSGD trade ideas

Sluggish Rise to Fall. EURSGD Short Idea.Price has reached Strong Resistance level which is also, on weekly perspective, a Fibo 38,2 (Swing Low to Swing High). Prices have been kind of sluggish lately and has a bullish tendency. For now i am waiting for a tiny Pullback to that "Red Box" with short bias. Depending on Price Action and result of retest i'll short or leave EURSGD. Stop Loss above previous High and Take Profit on the "Anticipated Daily Fibo 50,0" which is also a key support level (Could be coincidence). GL.
Short
by ProfessorGenki