| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Thu, 26 October 2006 13:10:01
Resistance levels: 1.2670/1.2700/1.2725
Support levels: 1.2625/1.2580/1.2535
EUR/USD has risen further towards 1.2670 earlier today as it was suggested. Now markets are focused on US Durable Goods core number at 12;30 GMT expected at 1.0%. and US New Home Sales with conesesus at 1040 K. If US Durable Goods Core number fall to 0.5% or below we may see EUR/USD rising further towards 1.2700-25 area later today. First immediate Resistance comes at 1.2670. On the other side, US Durable Goods Core number at 1.5% or higher may turn price back towards 1.2600 later today. Look to buy on pullback for test of 1.2700 and 1.2760 in longer term.
Strategy-neutral.
FXDREAM GBP/USD
Date: Thu, 26 October 2006 13:10:01
Resistance levels: 1.8860/1.8900/1.8918
Support levels: 1.8780/1.8740/1.8670
GBP/USD has risen further to 1.8851 after London Opening earlier today. Now the next direction in short term will depends on US Durable Goods and New Home Sales data later today at 12:30 GMT and 14:00 GMT. Strong data may turn price back towards 1.8780-75 area later today. First immediate Support comes at 1.8810. On the other side, the uptrend towards 1.8918 at least remains intact and 1.8900 level may be tested later today on soft data from USA. Stay Long for retest of 1.8860 and 1.8900-18 area , or look to buy on pullback below 1.8800 for test of 1.8900 tomorrow.
Strategy-neutral.
FXDREAM USD/JPY
Date: Thu, 26 October 2006 13:10:01
Resistance levels: 119.43/119.65/120.00
Support levels: 118.55/118.40/118.00
USD/JPY has fallen further down to 118.55 earlier today as it was suggested. Now rebound towards 119.43 yesterday top may be seen on strong data from USA later today and weak Consumer Price Index from Japan later today at 23:30 GMT. On downside, weak data from USA in few minutes may send price lower to 118.40 later today , giving scope for retest of 118.00 bottom.
Strategy-neutral.
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