The Euro to Singapore Dollar (EUR/SGD) pair is showing potential for a bullish trend, supported by several key fundamentals.
The European Central Bank's recent hawkish stance on monetary policy, coupled with expectations of further interest rate hikes, is strengthening the Euro against many currencies, including the Singapore Dollar.
Additionally, the improving economic outlook in the Eurozone, with signs of resilience in manufacturing and services sectors, is contributing to the Euro's positive momentum. On the other hand, Singapore's export-dependent economy is facing headwinds due to global trade tensions and a slowdown in China, which may put pressure on the Singapore Dollar.
I'm looking to capitalize on this bullish bias for EUR/SGD by utilizing probabilities to enter long positions.
12M:
1W:
1H:
Please feel free to share your ideas.
The European Central Bank's recent hawkish stance on monetary policy, coupled with expectations of further interest rate hikes, is strengthening the Euro against many currencies, including the Singapore Dollar.
Additionally, the improving economic outlook in the Eurozone, with signs of resilience in manufacturing and services sectors, is contributing to the Euro's positive momentum. On the other hand, Singapore's export-dependent economy is facing headwinds due to global trade tensions and a slowdown in China, which may put pressure on the Singapore Dollar.
I'm looking to capitalize on this bullish bias for EUR/SGD by utilizing probabilities to enter long positions.
12M:
1W:
1H:
Please feel free to share your ideas.
Trade fermée: ordre d’arrêt atteint
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.