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FxWirePro: EUR/ NZD downside pressure builds, key support level in focus 
- USD/SGD is currently trading around 1.3881 marks.
- It made intraday high at 1.3924 and low at 1.3870 levels.
- Intraday bias remains bullish till the time pair holds key support at 1.3870 mark.
- A daily close above 1.3870 will test key resistances at 1.3945, 1.3984 and 1.4012 marks respectively.
- Alternatively, a consistent close below 1.3870 will drag the parity down towards key supports at 1.3832, 1.3794, 1.3754 and 1.3670 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Singapore will release industrial production data around 0500 GMT.
We prefer to take long position on USD/SGD around 1.3875, stop loss at 1.3832 and target of 1.3945/1.3984.
