EUR/USD met resistance in the 1.1415 area. The pair’s advance in the recent days was quite rapid, so it might be hard for the euro to retain the bullish momentum.
USD/SGD turned down
SELL 1.3490; TP1 1.3440; TP2 1.3350; SL 1.3510
USD/SGD formed the top at 1.3870 in October. The pair closed below 50-month MA in December and below 100-week MA (1.3600) last week.
On D1, the pair passed down through the 200-day MA (1.3593), which will now play the role of resistance. Yesterday USD/SGD closed below 38.2% Fibo at 1.3540. A new wave of selling will start once the pair is below 1.3490. Be ready to act on it!
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.