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FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For October 07, 2010

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Forex Analysis:::2010-10-07T09:38:57

EUR/USD Technical Analysis. Support And Resistance Levels For October 07, 2010

EUR/USD Technical Analysis. Support And Resistance Levels For October 07, 2010

Breakout Buy level : 1.3981.
Strong Resistance : 1.3973.
Original Resistance : 1.3960.
Inner Sell Area : 1.3946.
Target Inner Area : 1.3914.
Inner Buy Area : 1.3881.
Original Support : 1.3868.
Strong Support : 1.3855.
Breakout Sell level : 1.3846.

EUR/USD pair is traded near the yesterday high of 1.3900. However, if the pair maintains its bullish bias we must beware of 1.3933 level because this is the yesterday balance area (where buyers and sellers are equal). However, as the bullish situation is observed in Gold and Crude Oil, this pair, most likely, will move up.

Analyst InstaForex
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