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FX.co ★ EUR/USD Technical Analysis. Support and Resistance Levels For November 10, 2010

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Forex Analysis:::2010-11-10T08:23:35

EUR/USD Technical Analysis. Support and Resistance Levels For November 10, 2010

EUR/USD Technical Analysis. Support and Resistance Levels For November 10, 2010

Breakout Buy level : 1.3836.
Strong Resistance : 1.3828.
Original Resistance : 1.3815.
Inner Sell Area : 1.3802.
Target Inner Area : 1.3769.
Inner Buy Area : 1.3736.
Original Support : 1.3723.
Strong Support : 1.3710.
Breakout Sell level : 1.3701.

Yesterday the level of 1.3750 was easily reached by the EUR/USD. If the EUR/USD wants to continue its downside movement, this pair must breakout and close below the 1.3685 level. 1.3865 will be a first target for the downside movement, and the second target is 1.3525 before it reaches the mark 1.3500. However, if this pair breaks through and closes above 1.3775 level this will indicate the EUR/USD will set a new direction (going up) with the first target at 1.3875 and the second target at 1.3975 before it moves to the 1.4000 level area again.

Analyst InstaForex
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