USD/SGD contiues the downtrend
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Trade idea
SELL 1.3490; TP 1.3440; SL 1.3505
USD/SGD was rejected last week by the 100-week MA and 200-day MA in the 1.3580 area but managed to close the week above 50-week MA (1.3525). The new week started with the price below this line. On D1, the downtrend continues, MAs are in the bearish position. Still, to sell we would like to see a break below the recent lows (1.35). The target will lie at 50% Fibo of the 2018 advance at 1.3440.
