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FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For November 18, 2010

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Forex Analysis:::2010-11-18T09:13:22

EUR/USD Technical Analysis. Support And Resistance Levels For November 18, 2010

EUR/USD Technical Analysis. Support And Resistance Levels For November 18, 2010

Today Technical level :

Breakout Buy level : 1.3627.
Strong Resistance : 1.3619.
Original Resistance : 1.3606.
Inner Sell Area : 1.3593.
Target Inner Area : 1.3561.
Inner Buy Area : 1.3529.
Original Support : 1.3516.
Strong Support : 1.3503.
Breakout Sell level : 1.3495.

Today outlook :

Since yesterday the EUR/USD pair has already broken through the level of 1.3525, now the EUR/USD has a new target for movement at 1.3575 (the Hesitation level) before it moves upside to 1.3600, and then to 1.3625 as a second target. However, be careful as today the pair may re-test the mark of 1.3500, as long as the EUR/USD does not move more than 1.3424, it is still in an uptrend situation; but if it breaks through that level then the uptrend movement for this pair will be cancelled.

Analyst InstaForex
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