FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For October 21, 2010

Breakout Buy level : 1.4027.
Strong Resistance : 1.4038.
Original Resistance : 1.4025.
Inner Sell Area : 1.4011.
Target Inner Area : 1.3978.
Inner Buy Area : 1.3944.
Original Support : 1.3931.
Strong Support : 1.3917.
Breakout Sell level : 1.3909.

Yesterday, the EUR/USD broken through the mark of 1.3835, it seems the downside movement is over on this pair. For now, it seems this pair will enter in a sideways movement; because if the EUR/USD wants to extend its upward movement, this pair must close above 1.4025 level. However, this pair now has lost the upward momentum, this is indicated by the fact that it was difficult for the pair to break and close above 1.3975 level. By the way the 22 of October is a 3rd Friday at this month, many Option Contract expired for this day; so please be prepared for an unexpected move and volatility for today.