FX.co ★ EUR/USD Technical Analysis. Support And Resistance Levels For November 16, 2010

Today Technical Level :

Breakout Buy level : 1.3648.
Strong Resistance : 1.3640.
Original Resistance : 1.3627.
Inner Sell Area : 1.3614.
Target Inner Area : 1.3582.
Inner Buy Area : 1.3550.
Original Support : 1.3537.
Strong Support : 1.3524.
Breakout Sell level : 1.3516.

Today Outlook :

The EUR/USD still has a downwards movement. If today this pair can break out and close above the mark 1.3775, it will cancel the previous downside movement and set a new target at 1.3875 before the pair moves to 1.3900 level again. However, in case the EUR/USD still moves down and closes below the level 13475; this will indicate that the downtrend is still prevailing on this pair today and this situation will lead to the downside movement to the mark 1.3450.