FX.co ★ EUR/USD Technical analysis. Support and Resistance Levels For October 14, 2010

Breakout Buy level : 1.4092.
Strong Resistance : 1.4083.
Original Resistance : 1.4070.
Inner Sell Area : 1.4056.
Target Inner Area : 1.4023.
Inner Buy Area : 1.3989.
Original Support : 1.3976.
Strong Support : 1.3962.
Breakout Sell level : 1.3954

This pair moves up but there is a possibility that the EUR/USD can reverse especially if it breaks through and closes below Fibonacci Support 23.6% at 1.4039 on a 4-hourt timeframe. In case such situation happens, the EUR/USD will go to next Fibonacci Support 38.2% at 1.3989. Please pay attention to the levels 1.3969 and 1.3869, since if the pair hit them, then they will be a strong Support levels for today. However, in case the pair does not breach these levels, it will move in the uptrend today.