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DAILY DAILY FX FORECASTS BY FX DREAM

*Last Updated September 18, 2006, 6:50 am

Daily report by Fx Dream

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Mon, 18 September 2006 13:10:02
Resistance levels: 1.2686/1.2715/1.2735
Support levels: 1.2630/1.2605/1.2570
EUR/USD has eased down below 1.2650 after London Opening today. The bias remains negative after G7 Meeting in Singapore for test of 1..2570 target in the next couple of days. First crucial Support comes in the 1.2605-00 area. On the upside, first immediate Resistance is at 1.2685 ahead of 1.2715 stronger one. Hold Short for test of 1.2605 and 1.2570 ahead of US Net Foreign Purchases Data later today at 13:00 GMT.

Holding EUR/USD Short at 1.2660,Stop-loss-1.2690,Take profit-1.2605(1.2750)

FXDREAM GBP/USD

Date: Mon, 18 September 2006 13:10:02
Resistance levels: 1.8795/1.8839/1.8880
Support levels: 1.8730/1.8710/1.8660

GBP/USD has fallen sharply down to 1.8730 in the last few hours. The sentiment remains negative ahead of US Current Account and Net Foreign Purchases Release for test of 1.8710 later today. On the other side, first Resistance comes at 1.8795 ahead of 1.8839 daily high level. In longer term, a break above 1.8920-25 area is needed for resuming the uptrend towards 1.9070 and higher. We prefer to stay aside for now.

Strategy-neutral.

FXDREAM USD/JPY

Date: Mon, 18 September 2006 13:10:02
Resistance levels: 118.25/118.70
Support levels: 117.75/117.25/116.95

USD/JPY has climbed further beyond 118.15 earlier today as it was suggested. The uptrend remains intact for test of 118.70-75 area in the next couple of days. First immediate Support is at 117.75 ahead of 117.27 bottom. Look to buy on downsticks for 118.70-75 area test in the next trading sessions.

Strategy-neutral.

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