| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Mon, 27 February 2006 13:10:01
Resistance levels: 1.1900/1.1945/1.2000
Support levels: 1.18251.1775/1.1640
EUR/USD is still trading below 1.1900.The sentiment is bearish now with first target in the 1.11890-1.1900 area.We saw very quiet markets during the European trading session ahead of European Central Bank Meeting tomorrow.First Support is at 1.1825.If it holds today,we may see sideway between 1.1825 and 1.1890 before the ECB meeting.If,however,it is broken,further downmove towards 1.1780 and 1.1640 in medium term is likely.
Sell EUR/USD at 1.1870,Stop-loss-1.1905,Take profit-1.1780(1.1710)
FXDREAM GBP/USD
Date: Mon, 27 February 2006 13:10:02
Resistance levels: 1.7450/1.7520/1.7600
Support levels: 1.7380-70/1.7280
GBP/USD found Support around 1.7380 earlier today and now upwave towards 1.7425 may be seen.However the bias remains bearish and only rise above 1.7450 may negate this sentiment.If 1.7380 Support is broken later today.the next target are 1.7325 and 1.7280.We will stay Short targeting 1.7280.
Holding GBP/USD Short at 1.7395,Stop-loss-1.7430,Take profit-1.7325(1.7280)
FXDREAM USD/JPY
Date: Mon, 27 February 2006 13:10:02
Resistance levels: 116.50/17.20/117.80
Support levels: 115.65/115.25/114.800
USD/JPY is recovering after the overnight sell off.Now the pair may meet strong Resistance in the 116.50-70 region.If it is broken,the next target up is at 117.20.The sentiment remains negative and further sell off is possible,if fisrt Resistance at 116.50 holds.Our target is down at 115.30 and then 114.80.
Sell USD/JPY at 116.40,Stop-loss-116.75,Take profit-115.30(114.90)
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