7645476 7/13/2017 12:21 PM, EUR/SGD intraday: rebound


Our pivot point is at 1.571.


Our preference

: rebound.


Alternative scenario

: the downside breakout of 1.571 would call for 1.567 and 1.565.


Comment

: the RSI is above 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 pair is trading above its 20 MA (1.574) but under its 50 MA (1.577).


Supports and resistances

:

1.587 **

1.584 *

1.582 **

1.580

1.575 last

1.573

1.571 **

1.567 *

1.565 **