| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Mon, 10 April 2006 13:10:05
Resistance levels:1.2180/1.2215/1.2245
Support levels: 1.2090/1.2060/1.2000
EUR/USD has fallen down to our target at 1.2090 as it was suggested on Friday after Non-farm Payrolls Numbers from USA Release. Today quiet markets is likely to be seen. First Support for the currency pair comes around 1.2090. The downmove may extend to 1.2060-50 key Support area later today. No important fundamental data are expected today. On the other side, recovery above 1.2160 is required as confirmation for continuing uptrend in longer term.
Strategy-neutral.
FXDREAM GBP/USD
Date: Mon, 10 April 2006 13:10:05
Resistance levels: 1.7485/1.7520/1.7600
Support levels:1.7390/1.7320/1.7250
GBP/USD haa fallen down to 1.7390 first target on Friday. We have closed part of our Short position at these levels. Today further downmove may be seen below 1.7390 after the correction to 1.7475 during the morning European trade today. Breakout below 1.7390 crucial Support may take price lower to 1.7320 today and tomorrow. We will stay Short trailing our Stop-loss order down to 1.7485.
Holding GBP/USD Short at 1.7470,Stop-loss-1.7485,Take profit-1.7390(1.7330)
FXDREAM USD/JPY
Date: Mon, 10 April 2006 13:10:05
Resistance levels: 118.60-70/119.40
Support levels: 118.00/117.45/116.95
USD/JPY has risen towards 118.60-70 strong Resisance region in the morning European trade, but has stayed limited to 118.60 as it was suggested. 118.00-118.70 range is likely to be valid today for the currency pair. On the other side, fall below 118.00 may lead price lower to 117.50-45 Support area .We prefer to stay out of the market.
Strategy-neutral.
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