| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Fri, 31 March 2006 13:10:01
Resistance levels:1.2130/1.2175/1.2220
Support levels: 1.2065/1.2000/1.1945
EUR/USD has fallen deeper than expected down to 1.2080 during the European trade session.Our Long position was stopped at 1.2095 with small 35 pip loss.In short term the sentiment looks negative and further downmove is likley to be seen later today down to 1.2050( 61.8 % Fibonacci level).First Support comes around 1.2065.On the other side,eventual reversal may stay limited to 1.2165-75 highs from yesterday.
Strategy-neutral.
FXDREAM GBP/USD
Date: Fri, 31 March 2006 13:10:01
Resistance levels: 1.7415/1.7480/1.7530
Support levels: 1.7320/1.7280/1.7225
GBP/USD has dipped sharply towards 1.7320 key Support as it was suggested in our morning report.In longer term,further downmove to 1.7225 and then 1.7130 may be seen ,maybe next week.The sentiment remains negative for the pair in longer term.First crucial Resistance now comes at 1.7420 again.
Strategy-neutral.
FXDREAM USD/JPY
Date: Fri, 31 March 2006 13:10:01
Resistance levels: 117.90/118.50
Support levels: 117.10//116.40/115.45
USD/JPY has stayed range bound in the morning european trade.Upmove towards 118.00-118.15 is not ruled till the end of the day,as the sentiment looks slightly bullish in short term.First Resistance comes around 117.90.On the other side,the pair has formed bottom in the 117.20-10 region.Price is likely to stay above this area today.We prefer to stay out of the market as today is Friday.
Strategy-neutral.
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