EUR/SGD may rise to 1.478 - 1.485

Our pivot point is at 1.455.

Our preference

The upside prevails as long as 1.455 is support.

Alternative scenario

Below 1.455, expect 1.445 and 1.439.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.460 and 1.457).

Supports and resistances

1.497 **

1.491 *

1.485 **

1.478

1.466 last

1.459

1.455 **

1.445 *

1.439 **

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