FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For October 8, 2010

Breakout Buy level : 1.3992.
Strong Resistance : 1.3984.
Original Resistance : 1.3971.
Inner Sell Area : 1.3958.
Target Inner Area : 1.3925.
Inner Buy Area : 1.3892.
Original Support : 1.3879.
Strong Support : 1.3866.
Breakout Sell level : 1.3857.

It seems the EUR/USD pair will be traded in narrow range ahead of Non Farm Payrolls and Unemployment Rate data release, because the US Government will use these two data for quantitative easing policy. According to these reports, the US Government will make a decision if it is going to use the quantitative easing policy in future, and of course, the results of these data release will have an impact on the EUR/USD currency pair.