| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Wed, 15 February 2006 13:10:02
Resistance levels: 1.1945-55/1.2000/1.2060
Support levels: 1.1865/1.1805/1.1775
EUR/USD is trading between 1.1930 first Resistance and 1.1900 before the important FED Testimony later today at 15:00 GMT.Yesterday our first target at 1.1870 was touched and we released small 65 pip profit.Now the key Support remains at 1.1865-60.If it is broken later today we may see levels down towards 1.1820 and then 1.1775 in the next couples of days.On the other side,there is strong Resistance at 1.1955.Breaking may unlock further correction up towards 1.2050.We expect that the FED Chairman will give signs for further rates increase up towards 4.75% and even 5 % in the next six months.
Sell EUR/USD at 1.1890,Stop-loss-1.1935,Take profit-1.1810(1.1780
FXDREAM GBP/USD
Date: Wed, 15 February 2006 13:10:02
Resistance levels: 1.7435/1.7475/1.7520
Support levels: 1.7370/1.7280/1.7210
GBP/USD bounced back above 1.7400 after BOE Inflationary Report as we had predicted in our morning edition.Our target at 1.7310 was reached yesterday and we closed our Short position at 1.7425 with 115 pip profit.Now the pair may test 1.7435-50 Resistance area.There is also cricial Resistance at 1.7475.On the other side,the pair biult temporary Support at 1.7370.Everything now will depends on the FED Commentaries.Better visions for USA Economy may turn price back towards 1.7330 at least and even lower towards 1.7280.Some traders may take the opportunity to sell on rally towards 1.7450.
Strategy-neutral.
FXDREAM USD/JPY
Date: Wed, 15 February 2006 13:10:02
Resistance levels: 117.80/118.35-50/119.00
Support levels: 117.10/116.50/116.00
USD/JPY is still trading in very narrow range between 117.70 and 117.20.More volatility is expected after the FED Testimony later today.If 117.70 Resistance is broken,we may see further rise up towards 118.35-50.On the other side,fall towards 116.50 downside target is possible too.We prefer to stay aside till the FED Commentaries.
Strategy-neutral.
Fx-charts.com Disclaimer: The information contained on this website is subject to change without notice, views and opinions expressed on fx-charts.com may be those of individual authors and may not necessarily be the views of fx-charts.com or its officers and employees, we make no claim to the accuracy or timeliness of any information contained herein. We recommend obtaining advice from a suitably qualified financial advisor before entering into any financial transactions or agreements. The use of this website constitutes acceptance of our privacy policy, disclaimer and terms of use. This website is available for information and educational purposes only.
|
