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DAILY DAILY FX FORECASTS BY FX DREAM

*Last Updated June 27, 2006, 6:58 am

Daily report by Fx Dream

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Tue, 27 June 2006 13:10:01
Resistance levels: 1.2615/1.2650/1.2685
Support levels: 1.2535/1.2500/1.2475
EUR/USD has eased down towards 1.2566 after IFO Index during the morning European trade. Now we have US Consumer Confidence at 14:00 GMT. Markets is likely to stay ranged ahead of FOMC Decision on Thursday. In short term a break below 1.2535 crucial Support is needed for retest of 1.2475 key Support and 1.2410 in longer term. On the upside, rise again towards 1.2650 and 1.2685 previous highs also is not ruled out as long as price is above 1.2535. First immediate Resistance lies at 1.2615.

Strategy-neutral.

FXDREAM GBP/USD

Date: Tue, 27 June 2006 13:10:01
Resistance levels: 1.8260/1.8315/1.8380
Support levels: 1.8180/1.8125/1.8100

GBP/USD has fallen dowjn to 1.8190-80 area as it was suggested earlier today. Now breakout below 1.8180 and 1.8160 is needed for further sharp fall towards 1.8125 previous lows and 1.8080. In longer term 1.7920 target may be set. However, until price is above 1.8180 there are conditions for a retest of Asia highs at 1.8264 later today. Stay aside for now.

Strategy-neutral.

FXDREAM USD/JPY

Date: Tue, 27 June 2006 13:10:01
Resistance levels: 116.60/117.00/117.50
Support levels: 116.15//115.85/115.30

USD/JPY has tested 116.60 crucial Resistance during the morning European trade. Later today further upmove towards 117.00 may be seen after US Opening. If , however, the 116.60 Resistance holds, pullback down to 116.15 first trend Support is possible. The uptrend remains intact for the pair.

Strategy-neutral.

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