FX.co ★ EUR/USD Technical analysis. Support and Resistance Levels For October 19, 2010

Breakout Buy level : 1.4032.
Strong Resistance : 1.4023.
Original Resistance : 1.4010.
Inner Sell Area : 1.3996.
Target Inner Area : 1.3963.
Inner Buy Area : 1.3930.
Original Support : 1.3916.
Strong Support : 1.3902.
Breakout Sell level : 1.3894.

Since 1.3975 level has been broken through on October 15, the EUR/USD will be going down to 1.3875 as a Target. 1 and 1.3750 as a Target.2. However, yesterday (the 2nd day after 1.3975 level is broken) this pair remained at 1.4000 level and tried to test this level again but could not do this; in the theory on that day (the 3rd day) this pair must go to the target. 2 (1.3750) area, if this day that level is not reached, the EUR/USD will lose the downside movement and enter the sideways motion, but if this level is breached; its seems the EUR/USD will continue its downward movement.