FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For October 11, 2010

Breakout Buy level : 1.3766.
Strong Resistance : 1.3758.
Original Resistance : 1.3745.
Inner Sell Area : 1.3731.
Target Inner Area : 1.3699.
Inner Buy Area : 1.3666.
Original Support : 1.3653.
Strong Support : 1.3639.
Breakout Sell level : 1.3631.

Yesterday, the EUR/USD successfully hit the Target. 2 at 1.3750, now this situation indicates that the bearish sentiment is observed on this pair. Especially, if today after this currency pair breaks 1.3724 level, it will go to 1.3685 level area (The Hesitation Level). If the pair can break and close below that level, it seems the EUR/USD will be going to 1.3625 as a target. 1 and 1.3525 as a target. 2. All these target must be fulfilled on Friday Oct 22/2010 (the third Rules). Otherwise, the EUR/USD will lose the downtrend momentum and it will lead this pair to the sideways movement. However, before this pair goes to these two targets, it must be back to up first to test 1.3750 level again, but if the EUR/USD after the re-test of the level is still going up to 1.3835 (break and close above that level), this situation will indicate the downtrend of the EUR/USD is cancelled, and the EUR/USD will be going to reach 1.3925 as a target. 1 and 1.3975 as a target. 2, before this pair go back to the 1.4000 level area again.