| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Mon, 13 November 2006 13:10:01
Resistance levels: 1.2870/1.2900/1.2940
Support levels: 1.2820/1.2800/1.2750
EUR/USD has eased down to 1.2823 earlier today.The bias remains positive for another upwave towards 1.2900 and 1.2938 previous high in mid term. Focus today is Trichet Speech at SEPA Summit later today at 13:15 GMT. On downside test of 1.2800-2795 Support.area also is not ruled out in short term. Look to buy again on downsticks for test of 1.2938 over the next trading days after the important data from Germany tomorrow.
Strategy-neutral.
FXDREAM GBP/USD
Date: Mon, 13 November 2006 13:10:01
Resistance levels: 1.9100/1.9150/1.9180
Support levels: 1.9040/1.9000/1.8950
GBP/USD has broken below 1.9100 as UK Producer Price Index has decreased Price has tested 1.9050-45 Support area. A break below may squeeze price lower to 1.9000 later today. The down range limit is at 1.8950 bottom from the last week. On the upside, in longer term the bias remains positive for retest of 1.9180 Friday high and even higher towards 1.9220. First immediate Resistance comes at 1.9100. Look to buy on downstcks ahead of UK Consumer Price Index and Retail sales data tomorrow for retest of 1.9180 and higher.
Strategy-neutral.
FXDREAM USD/JPY
Date: Mon, 13 November 2006 13:10:01
Resistance levels: 118.20/118.50
Support levels: 117.60/117.11/116.57
USD/JPY has risen above 117.65 immediate previous Resistance earlier today. In near term test of 118.20 may be seen ahead of the key GDP Numbers from Japan later today. However, the bias remains bearish for retest of 117.11 Asia lows and 116.60-57 bottom in mid term. On the upside, the target is at 118.50-55 previous high area.
Strategy-neutral.
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