| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Thu, 16 February 2006 13:10:01
Resistance levels: 1.1900/1.1945-55/1.2000
Support levels: 1.1850/1.1805/1.1775
EUR/USD tested 1.1860-50 Support range earlier today.Till the end of the day another attempt is possible with target down towards 1.1810 and then 1.1780.On the other side,there is first Resistance at 1.1900 and then at 1.1925.The key reversal level remains at 1.1955.Now the market will expect US House Numbers and FED second commentaries.We will stay Short with first target at 1.1810
Holding EUR/USD Short at 1.1890,Stop-loss-1.1935,Take profit-1.1810(1.1780)
FXDREAM GBP/USD
Date:Thu, 16 February 2006 13:10:01
Resistance levels: 1.7400/1.7475-85/1.7520
Support levels: 1.7310/1.7280/1.7210
GBP/USD fell as expected towards 1.7300 again during the morning European trading session.Now the pair meets Resistance in the 1.7390-7410 region and stronger one at 1.7475.Another test of 1.7300-7280 lows may be seen till the end of the day too.It depends on US Data and FED Commentaries later today at 17:00 GMT.
Strategy-neutral.
FXDREAM USD/JPY
Date: Thu, 16 February 2006 13:10:01
Resistance levels: 118.35-50/119.00
Support levels: 117.70-60/117.10/116.50
USD/JPY rose as expected towards 118.35 first target.Pressure may appear near 118.50 level.If,however,it is broken,we may see even further upmove towards 119.00 in the next couples of days.There is strong Support now in the 117.70-60 region.We will stay Long with trailed Stop-loss up to 117.60.
Holding USD/JPY at 117.75,Stop-loss-117.60(up from 117.35),Take profit-118.35(118.90)
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