| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Tue, 28 February 2006 13:10:01
Resistance levels: 1.1900/1.1945/1.2000
Support levels: 1.1860/1.1825/1.1775
EUR/USD rose towards 1.1890-1.1900 Resistance area.While price is below 1.1900 and 1.1925 there are chances of a fall back towards 1.1825 and 1.1780.Only rise above 1.1925 may negate the bearish view.If,however,price has risen above 1.1925 we may see levels around 1.1970 previous highs maybe tomorrow.We will stay Short ahead of US Data later today.
Holding EUR/USD Short at 1.1870,Stop-loss-1.1905,Take profit-1.1780(1.1710)
FXDREAM GBP/USD
Date: Tue, 28 February 2006 13:10:01
Resistance levels:1.7490/1.7520/1.7600
Support levels: 1.7450/1.7380-70/1.7280
GBP/USD rose stroongly after positive fundamental data from UK.Price met immediate Resistance at 1.7490.Further upmove towards 1.7520 important level is possible today,while price is above 1.7450.If,however,we see positive data from US later today,price may return back towards 1.7400.Our GBP/USD Short position was stopped at 1.7430 with small 35 pip loss.
Strategy-neutral.
FXDREAM USD/JPY
Date: Tue, 28 February 2006 13:10:01
Resistance levels: 116.50/17.20/117.80
Support levels: 115.65/115.25/114.800
USD/JPY held below 116.50 first Resistance.While price is below 116.60-70 there are increasing chances of a fall towards 115.65 and even 115.25.On the other side,upmove above 116.60 may lead price higher to 117.15-20 till the end of the day..
Holding USD/JPY Short at 116.40,Stop-loss-116.70,Take profit-115.65(115.25)
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