| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Fri, 17 February 2006 13:10:04
Resistance levels: 1.1900-10/1.1955/1.2000
Support levels: 1.1850-45/1.1805/1.1775
EUR/USD is trading above 1.1850 crucial Support yet.Eventual breaking may happen after US Data Release later today-US PPI and University of Michigan Confidence.First Resistance comes around 1.1910.The key reversal level is at 1.1955.If the 1.1850-45 strong Support area is passed.we may target 1.1750 on Monday next week.For now we will stay Short with trailed Stop-loss down to 1.1925.
Holding EUR/USD at 1.1890,Stop-loss-1.1925(down from 1.1935),Take profit-1.1810(1.1780)
FXDREAM GBP/USD
Date: Fri, 17 February 2006 13:10:04
Resistance levels: 1.7400/1.7475-85/1.7520
Support levels: 1.7310/1.7280/1.7210
GBP/USD dipped below 1.7350 previous key Support and now further downmove towards 1.7280 may be seen.1.7400 level is strong upside limit.Good US undamental Data today may lead price even lower towards 1.7250.We missed the chance to sell on the tops.
Strategy-neutral.
FXDREAM USD/JPY
Date: Fri, 17 February 2006 13:10:04
Resistance levels: 118.75/119.00-20/120.00
Support levels: 118.45/118.10/117.50/117.10
USD/JPY jumped as expected above 118.50 in the morning European session.We closed part of our Long position at 1.1790 with 60 pip profit.With another part of the positioon we will target 119.00-119.10 as bias is very bullish now.Next week levels of 120.00 are not ruled.First strong Support now comes around 118.15.
Holding USD/JPY Long at 117.90,Stop-loss-118.10(up from 117.55),Take profit-118.50(119.00)
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