| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Thu, 6 April 2006 13:10:05
Resistance levels:1.2335/1.2410
Support levels: 1.2265/1.2225/1.2170
EUR/USD has stayed stable ahead of ECB verdict and the following press conference.The pair has reached 1.2330 highs.The pair is in overbought territory already,but hopes about further interest rates increase in Eurozone may lift price higher to 1.2360 and even 1.2400 later today.On the other side,better Jobless Initial Claims Data are expected from USA ,which may support the US Dollar.We will stay Long ,trailing our stop-loss higher to 1.2265 first strong Support.
Holding EUR/USD Long at 1.2285,Stop-loss-1.2265(up from 1.2250),Take profit-1.2360(1.2400)
FXDREAM GBP/USD
Date: Thu, 6 April 2006 13:10:05
Resistance levels: 1.7620/1.7665/1.7720
Support levels:1.7550/1.7480/1.7420
GBP/USD has risen above 1.7550 and soon test of 1.7620-30 key Resistance may be seen.Bank of England remained the repo rates unchanged earlier today as it was expected.Breakout above 1.76320-30 region is required as confirmation of a longer term uptrend.If the Resistance holds,ptrice may stay in the 1.7600-1.7480 ( 100 Days MA) range today ahead of Jobless Numbers from USA tomorrow.
Strategy-neutral.
FXDREAM USD/JPY
Date: Thu, 6 April 2006 13:10:05
Resistance levels:117.90/118.70
Support levels: 117.20/116.60/116.00
USD/JPY has stayed neutral in short term during the early european trade.The currency pair meets strong Resistance at 117.90.Breakout above these levels may be seen later today.Price may target 118.60-70 region.On the other side,if the Resistance at 117.90 holds,we may see fall towards 117.10-00 later today.Stay aside for now.
Strategy-neutral.
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