EUR/SGD may fall 2 - 3 pips

1.466 is our pivot point.

Our preference

The downside prevails as long as 1.466 is resistance.

Alternative scenario

Above 1.466, look for 1.467 and 1.468.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.466 and 1.466). Finally, the EUR/SGD has penetrated its lower Bollinger band (1.465).

Supports and resistances

1.468 **

1.467 *

1.466 **

1.465

1.464 last

1.462

1.461 **

1.460 *

1.459 **

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