EUR/SGD may rise 2 - 3 pips

Our pivot point stands at 1.455.

Our preference

As long as 1.455 is support look for 1.461.

Alternative scenario

The downside breakout of 1.455 would call for 1.454 and 1.453.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.457 and 1.454).

Supports and resistances

1.462 **

1.461 *

1.461 **

1.460

1.458 last

1.456

1.455 **

1.454 *

1.453 **

Number of asterisks represents the strength of support and resistance levels.