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Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch 
- USD/SGD is currently trading around 1.3545 marks.
- It made intraday high at 1.3553 and low at 1.3543 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 1.3575 mark.
- A daily close above 1.3551 will test key resistances at 1.3581, 1.3602, 1.3672, 1.3720, 1.3770 and 1.3790 marks respectively.
- Alternatively, a consistent close below 1.3551 will drag the parity down towards key supports at 1.3499, 1.3515, 1.3465, 1.3422 and 1.3315 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Singapore Dec 2018 non - oil exports yy decrease to -8.5 % (forecast 1.5 %) vs previous -2.8 % (revised from -2.6 %).
- Singapore Dec 2018 non - oil exports mm decrease to -5.7 % (forecast 2.1 %) vs previous -4.3 % (revised from -4.2 %).
We prefer to take short position on USD/SGD only below 1.3537, stop loss at 1.3575 and target of 1.3499/1.3465.
