| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Thu, 27 April 2006 13:10:01
Resistance levels: 1.2485/1.2550/1.2590
Support levels: 1.2410/1.2365/1.2330
EUR/USD has made the expected pullback to 1.2410-00 first Support region ahead of Bernanke Speech later today at 14:00 GMT. Below 1.2410 there are number of Support levels between 1.2384 and 1.2365. Later today 1.2485 high may be tested after Bernanke Comments. The sentiment remains positive in longer term and we may target 1.2550 on the next days.
Holding EUR/USD Long at 1.2410,Stop-loss-1.2375, Take profit-1.2480(1.2540)
FXDREAM GBP/USD
Date: Thu, 27 April 2006 13:10:01
Resistance levels: 1.7929/1.7945/1.8020
Support levels: 1.7805/1.7750/1.7710
Quiet trading for the GBP/USD during the morning European trade. Later today further downmove towards 1.7755 is likely to be seen, if 1.7805-00 Support region is broken. On the other side, rally up towards 1.7910 also is possible after Bernake Speech later today. In longer term we still favour the bullish sentiment for a rise towards 1.8000-20 region..
Strategy-neutral.
FXDREAM USD/JPY
Date: Thu, 27 April 2006 13:10:01
Resistance levels: 115.45/115.90/116.35
Support levels: 114.55/114.15/113.80
USD/JPY has fallen below our first target at 114.30 and reached 114.22 low earlier today after Bank of China has increased the interest rates. We have closed part of our Short position with 85 pip profit. Now the following pullback may test 115.35-45 strong Resistance region. It is likely to hold and another down wave towards 114.25 and 113.80 may start. We will stay Short with small volumes with stop-loss order at the level of entering.
Holding USD/JPY Short at 115.15,Stop-loss-115.15, Take profit-114.30(113.90)
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