FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For November 02, 2010

Breakout Buy level : 1.3976.
Strong Resistance : 1.3968.
Original Resistance : 1.3955.
Inner Sell Area : 1.3942.
Target Inner Area : 1.3909.
Inner Buy Area : 1.3876.
Original Support : 1.3863.
Strong Support : 1.3850.
Breakout Sell level : 1.3841

It seems the EUR/USD pair is already trapped between 1.4000 to 1.3875 levels; today this pair will probably try to test 1.4000 level, but at first it should reach the mark of 1.3975. However, in case today this pair closes below 1.3807 level, it can be assumed that the pair will move downside with the first target at 1.3750 and second target at 1.3625. If the EUR/USD can reach the level of 1.4000, then it has to break out the mark of 1.4025 before it moves to the target. 1 at 1.4075 and the target. 2 at 1.4225.