| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Fri, 24 February 2006 13:10:01
Resistance levels: 1.1915/1.1980/1.2020
Support levels: 1.1865-60/1.1775
EUR/USD is testing the down limit of the 1.1970-1.1865 range from this week.If it is broken,after US Durable Goods Figures Release later today,we may see further downmove towards 118.00 and 117.80.If,however,it holds we may see price bouncing back towards 1.1930.We will stay out the market till the end of the day after very tough week.
Strategy-neutral.
FXDREAM GBP/USD
Date: Fri, 24 February 2006 13:10:01
Resistance levels: 1.7575/1.7600
Support levels: 1.7480/ 1.7430/1.7370
GBP/USD fell as soon as London market was open earlier today.In short term the sentiment is neutral now as price stayed above 1.7480-70 immediate Support area.Further fall below 1.7470 may lead price lower towards 1.7430-20 down taget.On the other side,dissapointing Data from USA may give impulse for a rally towards 1.7540 highs at least.Our Long position was stopped with small 30 pip loss..
Strategy-neutral.
FXDREAM USD/JPY
Date: Fri, 24 February 2006 13:10:01
Resistance levels: 117.15/117.40/117.80/118.15
Support levels: 116.50/ 116.00/115.50
USD/JPY tested 117.15 immediate Resistance,but it held earlier today.Now another test may be seen after US market opening with up target at 117.40.There is crucial Support around 116.50.We will stay away yet today,waiting for rise above 117.15 as confirmation of a strong corrective upmove.
Strategy-neutral.)
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