EUR/SGD may fall to 1.435 - 1.442

1.466 is our pivot point.

Our preference

Under pressure below 1.466.

Alternative scenario

Above 1.466, look for 1.477 and 1.483.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.462 and 1.458). Finally, the EUR/SGD is trading below its lower Bollinger band (standing at 1.456).

Supports and resistances

1.483 **

1.477 *

1.466 **

1.462

1.456 last

1.442

1.435 **

1.429 *

1.423 **

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