| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Thu, 2 March 2006 13:10:02
Resistance levels: 1.1970/1.2000/1.2030
Support levels: 1.1910/1880/1.1825/1.1775
EUR/USD did not succeed to reach 1.1970-80 first Resistance during the morning European session.Now markets are waiting for Trichet Comment.Positive commentaries may boost price up to 1.2000 and 1.2020.On the other side,the pair meets Support in the 1.1920-10 area.If it is broken,fall to 1.1880 and then 1.1830 is not ruled out.That may resume the range trade between 1.1830 and 1.1970.
Holding EUR/USD Long at 1.1930,Stop-loss-1.1905,Take profit-1.1970(1.2020)
FXDREAM GBP/USD
Date: Thu, 2 March 2006 13:10:02
Resistance levels:1.7500/1.7580/1.7660
Support levels:1.7450/1.7380-70
GBP/USD fell in the morning to 1.7450 first Support.Now further downmove may be seen if 1.7450 Support is broken.downside target is at 1.7400 and 1.7370.Fisrt Resistance stands around 1.7500.Rise above 1.7500 may lead price higher to 1.7580 previous highs.
Strategy-neutral.
FXDREAM USD/JPY
Date: Thu, 2 March 2006 13:10:02
Resistance levels: 116.80/17.20/117.80
Support levels: 115.80/115.25/114.80
USD/JPY is testing 116.50 first Resistance now.Price is likely to rise further to 118.80 and even 117.15-20 before the important data Release from Japan at 23:30 GMT.Sell off again overnight may pull price back to 116.00 and 115.80.We prefer to stay aside for now.
Strategy-neutral.
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