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

Today Technical Level :

Breakout Buy level : 1.3841.
Strong Resistance : 1.3833.
Original Resistance : 1.3820.
Inner Sell Area : 1.3807.
Target Inner Area : 1.3774.
Inner Buy Area : 1.3741.
Original Support : 1.3728.
Strong Support : 1.3715.
Breakout Sell level : 1.3706.

Today Outlook :

Yesterday the level of 1.3685 served as a strong support, the EUR/USD has already reversed to the upside from it. The pair has already broke out and closed above 1.3775 and now is trying to reach 1.3825 as a first target and 1.3875 as a second target, before the EUR/USD moves back to 1.3900 again. Nevertheless, the pair moves to that level it will try tore-test the level of 1.3750 at first before it will reach both of the targets. In case the currency pair still moves downside to 1.3674 after the re-testing, this situation will indicate the EUR/USD has already lost the upside momentum for today. However, because of 2 Bank Holidays (French & US) today, please be prepared for an unexpected movement and volatility for this pair today.