FXDREAM EUR/USD
Date: Mon, 14 May 2007 13:10:05
Resistance levels: 1.3560/1.3590/1.3625
Support levels: 1.3510/1.3460/1.3410
EUR/USD has remained limited to 1.3550-60 region earlier today despite the positive data from the Eurozone. No change in our view. A break beyond this area is needed for resuming the uptrend towards 1.3625. On the other side, below 1.3510 first immediate Support may squeeze price lower back to 1.3465 bottom. Range trade is likely to be seen in the next trading sessions before the key US Consumer Price Index tomorrow.
Strategy-neutral.
FXDREAM GBP/USD
Date: Mon, 14 May 2007 13:10:04
Resistance levels: 1.9850/1.9900/1.9960
Support levels: 1.9760/1.9700/1.9640
GBP/USD has turned back below 1.9800 earlier today after soft UK Producer Price Index data as price has found strong Resistance in the previous 1.9843-50 Support region. Unfortunately, our Long position has been stopped earlier today at entry price with now loss nor profit. Further squeeze down to 1.9765 bottom may be seen in the trading sessions before the UK Consumer Price Index tomorrow. On the other side, a break above 1.9850 is needed for further recovery towards 1.9900 tomorrow.
Strategy-neutral.
FXDREAM USD/JPY
Date: Mon, 14 May 2007 13:10:03
Resistance levels: 120.55/120.75/121.10
Support levels: 120.00/119.50/118.90
USD/JPY has found Support around 119.55-50 again and bounced back beyond 120.00 on Friday. Further upmove towards 120.55 and 120.75 may be seen later today. On downside, below 120.00 again may retest 119.55-50 area. Trade from Long side for test of 120.55 and 120.75 later today. In mid term the target is at 121.10.
Strategy-neutral.
FXDREAM USD/CHF
Date: Mon, 14 May 2007 13:10:02
Resistance levels: 1.2210/1.2250/1.2285
Support levels: 1.2170/1.2130//1.2090
USD/CHF has found Resistance around 1.2210 earlier today. The uptrend remains intact for further upmove towards 1.2235 later today and 1.2285 previous high in mid term On the other side, first Support comes around 1.2168 Asia low ahead of 1.2130 stronger one. The key Support remains at 1.2090 bottom. We are still holding cautious LOng for test of 1.2240 and 1.2285 over the next trading sessions .
Holding USD/CHF Long at 1.2197, Stop-loss-1.2170( up from 1.2162),Take profit-1.2245(1.2285)
FXDREAM EUR/JPY
Date: Mon, 14 May 2007 13:10:01
Resistance levels: 163.60/164.00
Support levels: 162.50/161.80/161.00
The Cross has broken beyond 161.80 towards 162.50 on Friday as it was suggested. As long as price is above 162.50 immediate Support further rise towards 163.60 record high may be seen over the next trading sessions. First immediate Resistance comes around 162.90..On downside, below 162.50 may signal pullback down to 161.80 over the next trading sessions.
Strategy-neutral.