| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Mon, 27 November 2006 13:10:01
Resistance levels: 1.3170/1.3200/1.3240
Support levels: 1.3100/1.3070/1.3040
EUR/USD has eased down to 1.3100 after London Opening as the pair has soared to 1.3165 20 months record high with Asia Opening today. The bias remains positive for further rally towards 1.3200 and 1.3240 in short term and 1.3480-3500 area in longer term. First Support now comes in the 1.3110-00 region ahead of 1.3070 key one. On the upside , first minor Resistance is around 1.3170 ahead of 1.3200 psychological level. Look to buy on downsticks for test of 1.3200 and higher over the upcoming days.
Strategy-neutral.
FXDREAM GBP/USD
Date: Mon, 27 November 2006 13:10:01
Resistance levels: 1.9380/1.9415/1.9500
Support levels: 1.9290/1.9240/1.9180
GBP/USD has eased down towards 1.9300-9290 strong Support area after new 2 years high at 1.9415 in Asia. The bias remains bullish for test of 1.9500 in mid term and 1.9450 in short term. First Resistance now comes at 1.9390 On the other side, first minor Support comes in the 1.9300-9290 strong Support area . A break below may cause deeper recovery towads 1.9240 and even 1.9180 on strong data and news from USA tomorrow. Look to buy again on pullback or a break above 1.9390 for test of 1.9450 and 1.9500
Strategy-neutral.
FXDREAM USD/JPY
Date: Mon, 27 November 2006 13:10:01
Resistance levels: 116.50/117.00
Support levels: 115.85/115.40/115.10
USD/JPY has gapped down to 115.40 with Asia Opening earlier today. Now range trade beetwwen 115.90-85 first Support area and 116.50 first Resistance may be seen in near term. The bias remains bearish for retest of 115.40 bottom and even lower towards 115.10 in mid term. On the upside, first Resistance comes at 116.50 now. Only a break above may cause deeper recovery towards 117.35 later this week. Look to sell a break below 115.85 for test of 115.00 and lower.
Strategy-neutral.
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