| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Wed, 27 September 2006 13:10:01
Resistance levels: 1.2735/1.2780/1.2830
Support levels: 1.2665/1.2630/1.2600
EUR/USD has remained steady in the early European trade today,spiking to 1.2715. The bias remains bearish as long as price is below 1.2760 for test of 1.2630 crucial Support in near term. Markets are waiting for New Home Sales Numbers at 14:00 GMT later today. Numbers below 1000k would be negative for the US Dollar. On the other side, numbers the same or above the last month at 1072k would be very strong for the US Dollar sending price for test of 1.2630 later today. On the upside, a break above 1.2700-10 may cause recovery towards 1.2760. Trade from Short side for test of 1.2630 and 1.2600.
Strategy-neutral.
FXDREAM GBP/USD
Date: Wed, 27 September 2006 13:10:01
Resistance levels: 1.8960/1.9000/1.9030
Support levels: 1.8866/1.8835/1.8800
GBP/USD has fallen further down to 1.8866 as UK GDP grew slower than expected. Our second target at 1.8910 has been reached earlier today for 120 pip profit over our Short position, entered at 1.9030. The sentiment remains negative for the pair and further fall towards 1.8840-35 area may be seen after US New Home Sales later today. On the upside, first immediate Resistance Comes in the 1.8955-60 area. Look to sell on recovery towards 1.8955 for test of 1.8840 and lower.
Strategy-neutral.
FXDREAM USD/JPY
Date: Wed, 27 September 2006 13:10:01
Resistance levels: 117.25/117.80/118.15
Support levels: 116.75/116.10/115.60
USD/JPY has squeezed higher to 117.40 earlier today. Later today further rally towards 117.80 is likely to be seen. First Support comes in the 116.75-70 area. In longer term, a break above 117.50 may be confirming signal for resuming the uptrend for test of 118.70-75 area. Look to buy downsticks for test of 117.80 tomorrow.
Strategy-neutral.
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