EUR/USD Technical Analysis. Support and Resistance Levels For November 01, 2010

Breakout Buy level : 1.4039.
Strong Resistance : 1.4030.
Original Resistance : 1.4017.
Inner Sell Area : 1.4003.
Target Inner Area : 1.3970.
Inner Buy Area : 1.3937.
Original Support : 1.3923.
Strong Support : 1.3909.
Breakout Sell level : 1.3901

This pair now tries to move up to 1.4000 level, however this level must be hit today. If today the EUR/USD cannot reach 1.4000 level area, this pair will lose the Bullish Momentum (at least for temporary only) and this fact may lead the EUR/USD into the sideways situation. If this pair has a strong upside momentum then it must break and close above 1.4025 level area in order to prove its Bullish movement is still going on. In this case the pair will have a new target at 1.4075 as a target. 1 and 1.4250 as a target. 2. However, in case the level of 1.4000 is not broken by this pair, it will cause the downside movement to 1.3930, especially if this pair can move down to 1.3972 as a target. 1 and 1.3900 (Fibonacci Support 50%) as a target. 2.