| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Mon, 27 March 2006 13:10:01
Resistance levels:1.2075/1.2120/1.2165
Support levels: 1.2005-00/1.1950-45/1.1900
EUR/USD has stayed in congestion between 1.2020 and 1.2060 after quiet morning European session.While price is above 1.2000,there are still chances of a test higher to 1.2120 today.This week market may be focused at FOMC Decision on Tuesday.First Support comes at 1.2000 now,with key one at 1.1945(100 Days MA).
Holding EUR/USD Long at 1.2040,Stop-loss-1.2005,Take profit-1.2120(1.2160)
FXDREAM GBP/USD
Date: Mon, 27 March 2006 13:10:01
Resistance levels: 1.7485/1.7520/1.7600
Support levels: 1.7410/1.7350/1.7280
No change in price after quiet european market for the GBP/USD.First strong Support comes at 1.7410 now.While price is above that level,there are chances of a test of 1.7520 and then 1.7600 previous highs before the FOMC Decision tomorrow.We prefer to stay out of the market for now.
Strategy-neutral.
FXDREAM USD/JPY
Date: Mon, 27 March 2006 13:10:01
Resistance levels: 116.90/117.40/117.80
Support levels: 116.40/115.45/115.00
USD/JPY has found strong Resistance around 116.90 as it was suggested in our morning edition and now further downmove towards 115.45 may be seen today and tomorrow.First Support comes at 116.40.If,it holds,price may stay range bound between 116.40 and 117.00 today.We prefer to hold USD/JPY Short for a test of 115.45 and even lower to 115.00..
Holding USD/JPY Short at 116.60,Stop-loss-116.95,Take profit-115.55(115.10)
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