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FxWirePro: EUR/NZD remains under pressure as key support gives way 
- USD/SGD is currently trading around 1.3770 marks.
- It made intraday high at 1.3806 and low at 1.3764 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 1.3801 mark.
- A daily close above 1.3801 will test key resistances at 1.3818, 1.3854 and 1.3905 levels respectively.
- Alternatively, a consistent close below 1.3801 will drag the parity down towards key support at 1.3762/1.3720/1.3692/1.3615/1.3570 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to take long position on USD/SGD around 1.3745, stop loss at 1.3720 and target of 1.3854.
