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

Breakout Buy level : 1.4019.
Strong Resistance : 1.4010.
Original Resistance : 1.3997.
Inner Sell Area : 1.3983.
Target Inner Area : 1.3950.
Inner Buy Area : 1.3917.
Original Support : 1.3903.
Strong Support : 1.3889.
Breakout Sell level : 1.3881.

On October 14, the EUR/USD had already closed above 1.4 level; that day this pair broke out and closed above 1.4075 (The Hesitation Level Area). Now at 60 Minutes Timeframes this pair formed a Double Top Formation, which indicates that the pair lost the uptrend movement, as a result since early morning the EUR/USD fell to 1.38 level area. Please pay attention to 1.3862 level area, if this pair can break and close below that level, it seems the EUR/USD will have a tendency to reach the 1.3775; because today the EUR/USD has already passed the Hesitation Level area at 1.3925.