EUR/SGD currency pair analysis

The trend is ascendant. The currency pair is traded in the descendant price channel’s lower border span. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascendant wave structure forms.

Stop-loss: 1.4659.

Target levels: 1.4716; 1.4768.