| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Tue, 14 February 2006 13:10:05
Resistance levels: 1.1940-55/1.2000/1.2060
Support levels: 1.1865/1.1805/1.1775
EUR/USD is still trading in the narrow ranges between 1.1925 first Resistance and 1.1880 lows.Soon break may be seen,especially after US Data Release.Better than expected US Retail Sales Figures may lead price lower towards 1.1860 and 1.1820.On the other side,there is strong Resistance in the 1.1945-55 area.In medium and long term the sentiment reamins bearish.We will stay Short with first target at 1.1870-65 and next one around 1.1820.
Holding EUR/USD Short at 1.1935,Stop-loss-1.1945(down from 1.1975),Take profit-1.1870(1.1820)
FXDREAM GBP/USD
Date: Tue, 14 February 2006 13:10:05
Resistance levels: 1.7425/1.7445-75/1.7520
Support levels: 1.7310-00/1.7260
GBP/USD fell below 1.7380-70 previous important Support and now further downmove towards our target at 1.7310-00 is possible.Eventual upmove will meet pressure around 1.7425 where new sellers may appear.We will stay Short and will trail our Stop-loss several pip above 1.7425-27 important level.
Holding GBP/USD Short at 1.7425,Stop-loss-1.7430,Take profit-1.7310
FXDREAM USD/JPY
Date: Tue, 14 February 2006 13:10:05
Resistance levels: 117.60-70/118.35/119.00
Support levels: 117.05/116.80/116.50/116.00
USD/JPY fell further as expected but stayed above 117.00 psychological level.The sentiment is still bearish but while price is above 117.05 first Support there are still chances of recovery back towards 117.60-70 strong Resistance region.We will stay Short with hope for a break down towards 116.50 today or tomorrow.>p
Holding USD/JPY Short at 117.45,Stop-loss-117.70,Take profit-116.90(116.50)
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