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EURSGD analysis: Important info. to keep in mind.

The 1 hour time frame of the EURSGD is shown in this analysis from October 8, 2018 to current date.

Forex analysis. EURSGD chart

A bearish trendline is used to highlight the current trend on the 1 hour timeframe, with resistance line (overhead supply) indicated by the red line.

Support is currently between 1.55396 and 1.55103. A break below support, especially the 1.55103 price level would indicate continuation of the current bearish trend, however, it is always better to sell on a pull back.

The bearish trendline (in green) was further extrapolated and could possibly provide a ceiling for price after which selling will commence. If not, a  retracement to the red line would be anticipated.

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2 thoughts on “EURSGD analysis: Important info. to keep in mind.

  1. […] in EURSGD (FX) analysis? Check out our previous work here. Moreover,  Litecoin analysis (LTCUSD) can be […]

  2. […] in EURSGD (FX) analysis? Check out our previous work here. Moreover,  Litecoin analysis (LTCUSD) can be […]

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