| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Thu, 9 February 2006 13:10:04
Resistance levels: 1.2020/1.2055/1.2115
Support levels: 1.1940-35/1.1900/1.1865/1.1780
EUR/USD remained in yesterday s narrow ranges during the European Trading Session.The crucial 1.1940-35 Support was not broken,so now the price is fluctuating between 1.2000 first Resistance and 1.1940 key Support.More volatility may be expected during the US Session when some important fundamental data are released.If the data are satisfying,we may see downmove towards 1.1900 and 1.1865 at least.On the other side.the pair may meet strong Resistance around 1.2055-60 area.
Sell EUR/USD at 1.1935,Stop-loss-1.1980,Take profit-1.1870(1.1810)
FXDREAM GBP/USD
Date:Thu, 9 February 2006 13:10:04
Resistance levels: 1.7465-70/1.7520/1.7600
Support levels: 1.7390-80/1.7335/1.7290
GBP/USD fell as expected towards 1.7390 crucial Support.After slight correction towards 1.7465 fisrt Resistance ,now another downwave may be seen.If 1.7390-80 Support area is broken,we may see price falling towards 1.7300 and even 1.7245 in the next couples of days.We will stay Short for now.
Holding GBP/USD Short at 1.7520,Stop-loss-1.7470(down from 1.7520),Take profit-1.7350.
FXDREAM USD/JPY
Date: Thu, 9 February 2006 13:10:04
Resistance levels: 118.80/119.50/120.00
Support levels: 118.15/117.60/117.05
USD/JPY found strong Resistance at 118.80.Now the pair is trading between 118.80 first Resistance and 118.30-15 Support area.We may see another test of 118.80 today.if it is broken,the upmove may continue towards 119.40-50 previous high.The final target is 120.00 and 121.30 in medium term.On the other side,there is important Support at 118.15 and stronger one at 117.60.
Strategy-neutral.
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