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EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600 
- USD/SGD is currently trading around 1.3171 marks.
- It made intraday high at 1.3219 and low at 1.3167 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 1.3197 will test key resistances at 1.3208, 1.3254, 1.3302, 1.3353, 1.3438 and 1.3532 levels respectively.
- Alternatively, a consistent close below 1.3197 will drag the parity down towards key support at 1.3080/1.3005/1.2855/1.2754 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position in USD/SGD around 1.3200, stop loss 1.3254 and target of 1.3005.
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