| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Tue, 4 April 2006 13:10:02
Resistance levels:1.2220/1.2270/1.2320
Support levels: 1.2170/1.2110/1.2065
EUR/USD has risen as it was suggested towards 1.2220.The EUR was supported by comments from ECB about interest rates rise in the Eurozone and good fundamantal data released earlier today.If the Resistance at 1.2220 holds,later today bounce back towards 1.2165 is not ruled out after FEDs comments later today.If,however ,it is broken,1.2260-70 region may be reached today.
Strategy-neutral.
FXDREAM GBP/USD
Date: Tue, 4 April 2006 13:10:02
Resistance levels: 1.7485/1.7530-40/1.7600
Support levels: 1.7440-20/1.7370/1.7310
GBP/USD has broken the previous key Resistance at 1.7415 earlier today.That has opened territory for further rise towards 1.7500 and 1.7535-40 previous highs.The upmove may stay limit to 1.7540 in the US Trading hours and pullback towards 1.7440 is not ruled out.The key Support is in the 1.7440-20 region now.We will stay aside now,as we have missed to buy in the morning european trade.
Strategy-neutral.
FXDREAM USD/JPY
Date: Tue, 4 April 2006 13:10:02
Resistance levels:118.00/118.75/119.40
Support levels: 117.50/117.00/116.40
USD/JPY is still trading around the 100 Days MA at 117.50.Further fall down to 117.20-117.00 may be seen soon.Only fall below 117.20-117.00 may be a confirmation for reversal in longer term with fall towards 116.00 and 115.45.IF,however,the 117.50 region holds,we may see recovery later today towards 118.00 during the US trading hours.
Strategy-neutral.
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