| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Wed, 14 June 2006 13:10:01
Resistance levels: 1.2600/1.2630/1.2690
Support levels: 1.2530/1.2470/1.2410
EUR/USD has renewed its downmove in the morning European trade as price has stayed below 1.2620-30 key Resistance area. Now the next move will depend on US CPI Data. Further fall towards 1.2530-25 yesterdays low and towards 1.2470 is with equal chances with bounce to 1.2650 later today. We will stay Short trailing Stop-loss order down above 1.2605 todays high.
Holding EUR/USD Short at 1.2600,Stop-loss-1.2610,Take profit-1.2530(1.2475)
FXDREAM GBP/USD
Date: Wed, 14 June 2006 13:10:01
Resistance levels: 1.8450/1.8535/1.8610
Support levels: 1.8390/1.8320/1.8270
GBP/USD has risen to 1.8450 in the morning European trade as it was suggested in our previous report. Later today further upmove towards 1.8480-90 area is likely to be seen. First Resistance is around 1.8450. On downside, hourly close price below 1.8390 immediate Support may take price lower down to 1.8320 yesterdays lows later today.
Strategy-neutral.
FXDREAM USD/JPY
Date: Wed, 14 June 2006 13:10:01
Resistance levels: 115.50/116.00/116.40
Support levels: 114.70/114.30/113.55
USD/JPY has stayed above 114.70 crucial Support as it was suggested and bounced back above 115.00. Later today further upmove towards 115.70-75 may be seen. On the other side, only fall below 114.70 may reverse the uptrend towards 116.30. The key Support is at 114.30.
Holding USD/JPY Long at 114.95,Stop-loss-114.70,Take profit-115.65(116.30)
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