EUR/SGD – Currency exchange rate forecast 06.06.2019: rebound towards 1.540

EUR/SGD - Currency exchange rate forecast 06.06.2019: rebound towards 1.540

Alternative scenario: the downside breakout of 1.530 would call for 1.527 and 1.525.

Our pivot point stands at 1.530.

Our preference: rebound towards 1.540.

Alternative scenario: below 1.530, expect 1.527 and 1.525.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.534 and 1.535).

Supports and resistances:

1.544 **

1.542 *

1.540 **

1.538

1.534 last

1.532

1.530 **

1.527 *

1.525 **