| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Fri, 10 February 2006 13:10:04
Resistance levels: 1.2020/1.2060/1.2115
Support levels: 1.1940-35/1.1900/1.1865/1.1780
EUR/USD is trading in very narrow range already 3 days in a row.Today ,after the US Trade Balance Data release break of these range maybe seen.Fall below 1.1940 will unlock downmove towards 1.1865.On the other side,the pair may follow GBP/USD upmove and climb up towards 1.2060 and then 1.2115.First important Resistance stands at 1.2060.
Sell EUR/USD at 1.1935,Stop-loss-1.1980,Take profit-1.1870(1.1810)
FXDREAM GBP/USD
Date: Fri, 10 February 2006 13:10:04
Resistance levels: 1.7520/1.7600/1.7720
Support levels: 1.7440-25/1.7380/1.7295
GBP/USD bounced up towards 1.7520-30 first Resistance area,after touching again 1.7377 low yesterday.Our target at 1.7350 was not reached.Part of our Short at 1.7520 position was stopped at 1.7470 with small 50 pip profit.Now the pair may test 1.7520-30 region.If it is broken,we may see further rise towards 1.7600.On the other side,fall below 1.7440 may turn price back towards 1.7377 low.
Strategy-neutral.
FXDREAM USD/JPY
Date: Fri, 10 February 2006 13:10:04
Resistance levels: 117.95/118.35/119.00
Support levels: 117.20/116.55
USD/JPY soared down towards 117.00.Now correction towards 117.95 and even 118.35 may be seen.In medium term,however the bias is negative for the pair,so we may try to sell on these tops with target 117.25 lows and even 116.60-55 next Support area.
Sell USD/JPY at 118.30,Stop-loss-118.75,Take profit-117.30(116.65)
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