EURSGD Pair Analysis: Bullish Continuation

Fundamentals
EUR strength, driven by the hawkish ECB maintaining higher rates, contrasts with structural SGD weakness due to a moderate growth outlook and potential MAS policy easing. This interest rate differential provides a strong bullish bias for EURSGD.

Technicals
The price is clearly in an ascending channel and consistently respects the 50-EMA as dynamic support. The RSI is firmly above 50 and pointing up, confirming strong underlying buying momentum.

Strategy
Buy the dips near the lower channel boundary or 50-EMA retest. Look for targets toward the upper channel boundary.

Risk
Place a Stop Loss (SL) below the last swing low or the 50-EMA to manage risk. Alternatively, use a short EURJPY or long USDSGD position as a hedge against fundamental shifts.