| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Tue, 6 June 2006 13:10:01
Resistance levels: 1.2890/1.2970/1.3000
Support levels: 1.2830/1.2780/1.2722
EUR/USD has broken 1.2890-85 Support area earlier today. Later today further downmove to 1.2790 may be seen. The bias is bearish in near term. First Resistance comes at 1.2890 now. In longer term, fall down to 1.2750 may be seen today and tomorrow ahead of ECB rate decision on Thursday and bounce back towards the upper side of the 1.2700-1.2980 range at the end of the week.
Strategy-neutral.
FXDREAM GBP/USD
Date: Tue, 6 June 2006 13:10:01
Resistance levels: 1.8700/1.8810/1.8870
Support levels: 1.8620/1.8570/1.8525
GBP/USD has dropped below 1.8690-80 Asia lows and later today further fall down to 1.8580-70 crucial Support is likely to be seen. First immediate Support is at 1.8620. No fundamentalk news from USA are expected today, so we will have technically trade. In longer term, 1.8530-25 lows may be tested ahead of Thursday events. Fisrt Resistance is at 1.8700. The sentiment is negative after Bernanke Comments yesterday.
Strategy-neutral.
FXDREAM USD/JPY
Date: Tue, 6 June 2006 13:10:01
Resistance levels: 112.90/113.35/113.80
Support levels: 112.00/111.50/110.90
USD/JPY has risen towards 112.90 today after pullback down to 112.00 earlier today. Our Short at 112.25 has been stopped at 112.55 with small 30 pip loss. In the next couples of days, a break above 112.90 will take price higher towards 113.35-40 previous highs. First Resistance is at 112.90-95. First important Support comes at 112.00.
Strategy-neutral.
Fx-charts.com Disclaimer: The information contained on this website is subject to change without notice, views and opinions expressed on fx-charts.com may be those of individual authors and may not necessarily be the views of fx-charts.com or its officers and employees, we make no claim to the accuracy or timeliness of any information contained herein. We recommend obtaining advice from a suitably qualified financial advisor before entering into any financial transactions or agreements. The use of this website constitutes acceptance of our privacy policy, disclaimer and terms of use. This website is available for information and educational purposes only.
|
