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Daily Forex Forecast

By Apr 02, 2007 08:00PM ET
www.investing.com/analysis/%CE%91%CE%B3%CE%BF%CF%81%CE%AC-%CF%83%CF%85%CE%BD%CE%B1%CE%BB%CE%BB%CE%AC%CE%B3%CE%BC%CE%B1%CF%84%CE%BF%CF%82:-%CE%91%CE%BD%CE%BF%CE%B4%CE%B9%CE%BA%CE%AD%CF%82-%CF%84%CE%AC%CF%83%CE%B5%CE%B9%CF%82-%CF%83%CF%84%CE%BF-eur---21-%CE%A3%CE%B5%CF%80%CF%84%CE%B5%CE%BC%CE%B2%CF%81%CE%AF%CE%BF%CF%85-2012-2470
Daily Forex Forecast
By   |  Apr 02, 2007 08:00PM ET
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FXDREAM EUR/USD
Date: Tue, 3 April 2007 13:10:05
Resistance levels: 1.3400/1.3450/1.3480
Support levels: 1.3330/1.3290/1.3250

EUR/USD has remained quiet in the last trading sessions.No important fundamental data today. The uptrend remains intact as long as price is above 1.3330 first immediate Support for test of 1.3410 and even 1.3450 in mid term. The upward target remains at 1.3480. On downside, first Support comes in the 1.3330-20 area ahead of 1.3290 bottom. Look to buy on downsticks towards 1.3330 for test of 1.3450 and 1.3480.

Strategy-neutral.

FXDREAM GBP/USD
Date: Tue, 3 April 2007 13:10:04
Resistance levels: 1.9800/1.9850/1.9915
Support levels: 1.9740/1.9700/1.9660

GBP/USD has risen further beyond 1.9800 first Resistance earlier today. We have booked 55 pip profit for the first part of our Long posiotion at 1.9795 yesterday. No change in our view. The bias remains bullish for test of 1.9850 at least in mid term and even retest of 1.9916 previous record high in longer term. On the other side, below 1.9740 may ease price further down to 1.9710-00 area later today . Stay Long for test of 1.9850 and even higher over the next trading sessions or look to buy again on dips towards 1.9710. .

Holding GBP/USD Long at 1.9740,Stop-loss-1.9740( up from 1.9700), Take profit-1.9795(1.9840)

FXDREAM USD/JPY
Date: Tue, 3 April 2007 13:10:03
Resistance levels: 118.80/119.25/119.60
Support levels: 118.15/117.50/117.10

USD/JPY has risen to 118.80 target in the last two trading sessions as it was suggested.. The uptrend remains intact as long as price is above 118.15-00 strong Support area for further upmove towards 119.25 later today and 119.55-60 area in mid term. On downside, first crucial Support comes in the 118.15-00 area ahead of 117.50 stronger one.

Strategy-neutral.

FXDREAM USD/CHF
Date: Tue, 3 April 2007 13:10:02
Resistance levels: 1.2190/1.2215/1.2250
Support levels: 1.2145/1.2120/1.2080

USD/CHF has risen towards 1.2200 earlier today as the Consumer Price Index numbers from Switzerland earlier today at 05.45 GMT came out at 0.1% , below expectations..There is strong Resistance around 1.2215 area ahead of 1.2244-50 previous high area. On downside, below 1.2150 may turn price back towards 1.2120 later today and even 1.2080 key Support tomorrow.

Strategy-neutral.

FXDREAM EUR/JPY
Date: Tue, 3 April 2007 13:10:01
Resistance levels: 158.65/159.05/159.65
Support levels: 158.00/157.60/157.00

The Cross has risen heavily beyond 158.50 in the last trading sessions. The uptrend remains intact with next targets at 159.05 and even higher at 159.65 record high in longer term . On the other side, first Support comes at 158.00 ahead of 157.60 crucial one. Look to buy on pullback for test of 159.00 and 159.65 in mid term..

Strategy-neutral.

Daily Forex Forecast
 

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EUR/USD:Broader themes may have to take a back seat for a couple of weeks, but the bias remains broadly dollar negative. Re-try a small buy against 1.3430 support, stop 1.3380,...

Daily Forex Forecast

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