| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Fri, 3 March 2006 13:10:01
Resistance levels: 1.2050-60/1.2130/1.2180
Support levels: 1.2000/1.1970/1.1910
EUR/USD is in bullish medium term sentiment.Our target was toucehed after yesterdays rally to 1.2040.We released 90 pip profit.Now another test of 1.2050-60 first Resistance is possible today.If it is broken,we may see further rally up to 1.2130.There is immediate Support at 1.2000 and key one at 1.1970.Now more volatility may be expected after US ISM Non-industrial Index Numbers later today.Unfortunately,ur Buy order at 1.2000 was not executed as price fell to 1.2003.
Buy EUR/USD at 1.2000,Stop-loss-1.1970,Take profit-1.2090(1.2130)
FXDREAM GBP/USD
Date: Fri, 3 March 2006 13:10:01
Resistance levels:1.7550/1.7600/1.7660
Support levels:1.7500/1.7440/.7380-70
First Support at 1.7500 held in the morning and GBP/USD rose up towards 1.7580 and 1.7600.If price close above 1.7600 ,it would be sign for reversal in the medium sentiment and we may target 1.7720 and 1.7800 next week.Today we will stay away and wait.
Strategy-neutral.
FXDREAM USD/JPY
Date: Fri, 3 March 2006 13:10:01
Resistance levels: 116.40-60/117.20/117.80
Support levels: 115.80/115.25/114.80
USD/JPY may test 116.40-60 Resistance region soon.It is not likely to be broken today and downmove towards 116.00 and 115.80 cannot be ruled out too.Rise above 117.00-15 important Resistance must be seen in order to confirm a reversal in the daily trend.
Strategy-neutral.
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