EUR/SGD may rise to 1.475 - 1.483

Our pivot point stands at 1.444.

Our preference

Rebound.

Alternative scenario

Below 1.444, expect 1.430 and 1.421.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.456 and 1.457).

Supports and resistances

1.500 **

1.492 *

1.483 **

1.475

1.456 last

1.449

1.444 **

1.430 *

1.421 **

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