EUR/SGD may rise 3 - 4 pips

1.427 is our pivot point.

Our preference

The upside prevails as long as 1.427 is support.

Alternative scenario

Below 1.427, expect 1.424 and 1.423.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.428 and 1.428). Finally, the EUR/SGD is trading above its upper Bollinger band (standing at 1.429).

Supports and resistances

1.436 **

1.435 *

1.433 **

1.432

1.429 last

1.427

1.427 **

1.424 *

1.423 **

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