| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Tue, 13 June 2006 13:10:01
Resistance levels: 1.2650/1.2690/1.2725
Support levels: 1.2550/1.2520/1.2470
EUR/USD has fallen further towards 1.2550 earlier today after disappointing ZEW Survey Index results. The sentiment remains bearish as long as price is below 1.2650 first important Resistance and further squeeze lower towards 1.2520 and 1.2500 may be seen later today. On the other side, a break above 1.2620 immediate Resistance i needed as sgn for deeper rebound towards 1.2650 and 1.2690. 1.2690-1.2700 strong Resistance region is likely to cap any EUR/USD upmove.
Strategy-neutral.
FXDREAM GBP/USD
Date: Tue, 13 June 2006 13:10:01
Resistance levels: 1.8470/1.8535/1.8610
Support levels: 1.8365/1.8300/1.8270
GBP/USD has stayed ranged between 1.8470 crucial Resistance and 1.8370 previous lows. A break below 1.8370-65 area is needed as a sign for further downmove towards 1.8300 and 1.8270 later today. The sentiment remains bearish as long as price is below 1.8530-35 key Resistance region and in longer term we may target 1.8150 for the pair. Sell on breakout below 1.8370 for test of 1.8300 and 1.8150 in longer term.
Strategy-neutral.
FXDREAM USD/JPY
Date: Tue, 13 June 2006 13:10:01
Resistance levels: 115.00/115.50
Support levels: 114.25/113.55/112.90
USD/JPY has risen to 114.76 previous highs after pullback down to 114.30-25 first Support area as it was suggested. The uptrend towards 115.00 psychological level and then 115.50 final up target remains intact as long as price is above 114.25 first trend Support and 113.55 key Support.
Strategy-neutral.
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