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EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum 
- USD/SGD is currently trading around 1.4185 marks.
- It made intraday high at 1.4208 and low at 1.4179 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1.4232 marks.
- A daily close above 1.4205 will test key resistances at 1.4232, 1.4327, 1.4409, 1.4506, 1.4568, 1.4686 and 1.4851 levels respectively.
- Alternatively, a consistent close below 1.4205 will drag the parity down towards key supports at 1.4170/1.4083/1.3972/1.3819/1.3775/1.3704/1.3646 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 in USD/SGD only above 1.4205, stop loss at 1.4170 and target of 1.4327.
