| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Tue, 28 March 2006 13:10:05
Resistance levels:1.2120/1.2165/1.2220
Support levels: 1.2050/1.2005-00/1.1950-45
EUR/USD has risen above 1.2075 previous immediate Resistance.Now price may reach our target at 1.2120 ahead of FOMC Meeting later today.The Bernanke s Comments will give the next medium term direction for the market.Hopes for another interest rates hike in May may turn price back to 1.2000 later today and tomorrow.On the other side,the next up target stands at 1.2220.We may try to sell on tops around 1.2120.
Sell EUR/USD at 1.2120,Stop-loss-1.2155,Take profit-1.2050(1.2005)
FXDREAM GBP/USD
Date: Tue, 28 March 2006 13:10:05
Resistance levels: 1.7520/1.7600
Support levels: 1.7450/1.7400/1.7310
GBP/USD has made attempt at 1.7500 important level.We may see further upmove to 1.7520-40 ahead of FOMC Decision Release later today.We will be carefull about FED s Comments.Sharp fall back towards 1.7440 and even 1.7410 is not ruled later today too.On the other side,if the trend holds,we may see further rise to 1.7620 in the next couples of days.
Strategy-neutral.
FXDREAM USD/JPY
Date: Tue, 28 March 2006 13:10:05
Resistance levels: 117.40/117.80/118.50
Support levels: 116.40/115.45/115.00
USD/JPY has stayed range bound in the morning European session.More volatility may be expected later today in the US trading session.On the upside 118.50 target level may be attacked.On the downside,we may see price back towards 115.45 key level for the pair.There is important Resistance at 117.40.
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.
|
