| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Thu, 13 April 2006 13:10:01
Resistance levels:1.2135/1.2170/1.2215
Support levels: 1.2065/1.2035/1.2000
EUR/USD has been capped to 1.2130 as it was suggested and bounce lower below 1.2100 ahead of US Advance Retail Sales at 12:30 GMT. Better data from USA may give further strength to US Dollar and further fall to 1.2070-65 strong Support area and previous low is not ruled later today. Price is likely to stay choppy ahead of Easter holidays.
Strategy-neutral.
FXDREAM GBP/USD
Date: Thu, 13 April 2006 13:10:01
Resistance levels: 1.7575/1.7620/1.7665
Support levels: 1.7480/1.7440/1.7390
GBP/USD has risen to 1.7555 in the morning European trade after quiet markets ahead of Holidays in Western and Central Europe. Later today fall to 1.7480 and even 1.7450 is not ruled out after US Data Release.We prefer not to risk ahead of Easter Holidays.
Strategy-neutral.
FXDREAM USD/JPY
Date: Thu, 13 April 2006 13:10:01
Resistance levels: 118.70/119.40/120.00
Support levels: 117.90/117.45/116.95
USD/JPY has risen towards 118.70 earlier today. Selling pressure may appear around 118.80-90 region and price may turn back towards 118.30 later today. Better than expected data from USA may support the US Dollar later today. We prefer to stay aside.
Strategy-neutral.
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