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EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum 
- USD/SGD is currently trading around 1.3790 marks.
- It made intraday high at 1.3796 and low at 1.3783 levels.
- Intraday bias remains bullish till the time pair holds key support at 1.3750 mark.
- A daily close above 1.3787 will test key resistances at 1.3838, 1.3872, 1.3905, 1.3948 and 1.4050 levels respectively.
- Alternatively, a consistent close below 1.3787 will drag the parity down towards key supports at 1.3747/1.3690/1.3654/1.3620/1.3570/1.3510/1.3450 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Moody's affirms Singapore's AAA ratings; maintains stable outlook.
- Singapore will release retail sales data at 0500 GMT.
We prefer to take long position on USD/SGD around 1.3780, stop loss at 1.3760 and target of 1.3838/1.3872.
