FXDREAM
Date: Wed, 1 November 2006 13:10:05
Resistance levels: 1.2800/1.2830/1.2860
Support levels: 1.2745/1.2700/1.2660
has tested 1.2800 psychological level as US ISM Manifacturing Index hit three years low an hour ago. Price may stay ranged between 1.2745-40 crucial Support area ahead of ECB Rate Decision and Trichet Comments tomorrow. The bias remains positive for test of 1.2830 previous top at least. On downside, a break below 1.2745-40 area may turn price back to 1.2700 tomorrow. Look to buy again on pullback to 1.2745-40 area for test of 1.2830 tomorrow.
Strategy-neutral.
FXDREAM
Date: Wed, 1 November 2006 13:10:04
Resistance levels: 1.9140/1.9180
Support levels: 1.9060/1.9020/1.8990
has risen towards 1.9140 previous top from August after US data Release earlier today. Our first target at 1.9125 has been reached for 60 pips profit over the first part of our Long position entered earlier today at 1.9065. Our second part has been closed at entry price after pullback down to 1.9060 first Support few minutes ago. Price is likely to remain ranged between 1.9055 and 1.9140 important Resistance ahead of the fundamental data from UK and EU tomorrow. On downside, a break below 1.9060 may turn price down to 1.9020 later today. Look to buy again on pullback for retest of 1.9140 and 1.9180 tomorrow.
Strategy-neutral.
FXDREAM
Date: Wed, 1 November 2006 13:10:03
Resistance levels: 117.30/117.70/118.05
Support levels: 116.55/116.15
has traded mixed earlier today. In near term further upmove towards 117.30 strong Resistance is likely to be seen. The bias remains negative for test of 116.15 . On the upside, first important Resistance comes at 117.30. Look to sell on recovery towards 117.15-30 area for retest of 116.65-55 area and lower towards 116.15..
Strategy-neutral.
FXDREAM
Date: Wed, 1 November 2006 13:10:02
Resistance levels: 1.2470/1.2530/1.2570
Support levels: 1.2403/1.2370/1.2300
has tested 1.2403 bootom earlier today as it was suggested in our previous report. Range trade between 1.2403 bottom and 1.2470 first Resistance may be seen ahead of the key fundamental news tomorrow..The bias remains bearish for test of 1.2300-2290 area in longer term. A break below 1.2403 may send price down to 1.2370-50 area tomorrow. Look to seel on rebound for test of 1.2370 tomorrow.
Strategy-neutral.
FXDREAM
Date: Wed, 1 November 2006 13:10:01
Resistance levels: 149.80/150.45/150.73
Support levels: 149.00/148.50/148.00