| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Mon, 6 March 2006 13:10:02
Resistance levels: 1.2050-60/1.2130/1.2180
Support levels: 1.2000/1.1970/1.1940
EUR/USD sqeezed lower to 1.2060 important level.Pullback to 1.2000 key Support may be seen now.Around these levels price may find out Support and may re-new the upmove towards 1.2060 today and 1.2130 maybe tomorrow.We released 90 pip profit over part of our Long EUR/USD position at 1.2000,as our target at 1.2090 was touched overnight.The other part , unfortunately, was stopped at 1.2030 with small 30 pip profit.Now we may try to buy again on dips.
Buy EUR/USD at 1.2005,Stop-loss-1.1970,Take profit-1.2090(1.2130)
FXDREAM GBP/USD
Date: Mon, 6 March 2006 13:10:02
Resistance levels:1.7580/1.7620/1.7720
Support levels:1.7530-10/1.7450/1.7380-70
The crucial Resistance in the 1.7600-20 area has held earlier today.Now price is testing 1.7530-10 Support.Breakout may lead price further down to 1.7460-50.We will stay aside for now waiting to buy on eventual dip around 1.7450.
Strategy-neutral.
FXDREAM USD/JPY
Date: Mon, 6 March 2006 13:10:02
Resistance levels: 117.80/118.15
Support levels: 116.80/116.40/115.80
USD/JPY moved higher up above 117.20-30 Resistance region earlier today.Now the pair may test 117.80 next target.The price maximum for today is around 118.15.There is immediate Support at 117.10 and stronger one at 116.80.Unfortunatley,we missed to buy on dips in the morning.
Strategy-neutral.
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