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FX.co ★ EUR/USD Technical Analysis. Support and Resistance Levels For November 04, 2010

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Forex Analysis:::2010-11-04T08:28:40

EUR/USD Technical Analysis. Support and Resistance Levels For November 04, 2010

EUR/USD Technical Analysis. Support and Resistance Levels For November 04, 2010

Breakout Buy level : 1.4200.
Strong Resistance : 1.4191.
Original Resistance : 1.4177.
Inner Sell Area : 1.4163.
Target Inner Area : 1.4128.
Inner Buy Area : 1.4094.
Original Support : 1.4080.
Strong Support : 1.4066.
Breakout Sell level : 1.4057.

Now, this pair is trading in a range between 1.4125 and 1.4100. A breakout and closing above/below that level can lead this pair into another level. If this pair can break out and close below the level of 1.4000 (especially below 1.3975), then the pair will move to the mark of 1.3925 level. On the other hand, if this pair can break through 1.4125, then the EUR/USD will move to the level of 1.4175.

Analyst InstaForex
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