Daily Forex Forecast

FXDREAM EUR/USDDate: Fri, 29 September 2006 13:10:05Resistance levels: 1.2735/1.2780/1.2830Support levels: 1.2660/1.2630/1.2600EUR/USD has dropped further down to 1.2658 after EU Data Release earlier today. Now markets are waiting for number of important data from USA-Core CPE, Personal Spending and Income numbers at 12:30 GMT and Chicago PMI few minutes later at 14:00 GMT. Core CPE has deviated unsignifficant in the previous months, so today focus will be on Personal Spending data. The bias remains bearish as long as price is below 1.2760 for test of 1.2630 crucial Support. On the upside, first Resistance comes in the 1.2730-35 area. Look to sell upsticks for test of and 1.2630 later today and 1.2570 next week.Strategy-neutral.FXDREAM GBP/USDDate: Fri, 29 September 2006 13:10:04Resistance levels: 1.8740/1.8790/1.8850Support levels: 1.8665/1.8600GBP/USD has fallen further down to 1.8665 Support as it was suggested in our previous report ahead of US Data Release at 12:30 GMT.