| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Tue, 2 May 2006 13:10:01
Resistance levels: 1.2650/1.2690/1.2730
Support levels: 1.2550/1.2515/1.2460
EUR/USD has risen to 1.2668 earlier today( just 2 pip away from our first target at 1.2670). With the US Markets opening reversal back towads 1.2555 and even 1.2515 may be seen. The final down swing level is at 1.2460. The sentiment remains positive and we may see further upmove towards 1.2730 in the next days. In longer term we may target 1.2890. We will stay Long,trailing our Stop-loss order up to 1.2585 in order to avoid losses, looking to buy again on dips below 1.2515.
Holding EUR/USD Long at 1.2585,Stop-loss-1.2585(up from 1.2545),Take profit-1.2670(1.2720))
FXDREAM GBP/USD
Date: Tue, 2 May 2006 13:10:01
Resistance levels: 1.8400/1.8480
Support levels: 1.8315/1.8210/1.8150
GBP/USD has surged for retest of 1.8400 yesterdays highs after positive fundamental data from UK. Until price is above 1.8315-00 first crucial Support region,there are chances of another test of 1.8400 today. On the other side, fall below 1.8300 will be sign for retrace towards 1.8150-00 area in the next days.The key Support lies at 1.8210.In longer term we may target 1.8480. We will stay aside for now, looking to buy on downsticks.
Strategy-neutral.
FXDREAM USD/JPY
Date: Tue, 2 May 2006 13:10:01
Resistance levels: 113.90/114.80/115.45
Support levels: 113.40/112.90/112.30
USD/JPY has found temporary Resistance in the 113.90-114.00 Resistance region earlier today. Later today breakout towards 114.50-80 region may be seen. In the 114.50-80 region selling interest may appear and we may see retest of yesterdays lows at 112.33 in the next days. First Support comes at 113.40.In longer term, the sentiment remains negative and 109 target may be set for the upcoming weeks.
Strategy-neutral.
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