Use time frame of M15 to determine the lower and the higher price of yesterday, because it's more precise.

Friday's historic (28^th of October 2011).

Open : 1.3904
High : 1.4246
Low : 1.3864
Close: 1.4192

The market will indicate a bearish opportunity on level of: (Low + (Function / 100)) = 1.3917 (-Spread).
Function = (High - (High - Low)) * 38%. 

Monday's historic (31^st of October 2011).

Open : 1.4170
High : 1.4170
Low : 1.3829
Close: 1.3854

Pivot Point = (High + Low + Close) / 3 = 1.3951.
Then the market will indicate a bullish opportunity on level of 1.3955 (+Spread).

Trading Recommendations:

According to previous events, the price has still been trapped between 1.4200 and 1.3750.

• Buy above 1.3959 (38,2% of Fibonacci retracement levels) with a first target of 1.4050, it might resume to 1.43.
• Below 1.3909 (23.6% of Fibonacci retracement levels) look for further downside with 1.3840 and 1.3735 targets.

Technical Levels:

R3: 1.4414
R2: 1.4292
R1: 1.4073
PP: 1.3951
S1: 1.3732
S2: 1.3610
S3: 1.3391

Tools of Chart:

• It should be noted that the market was so stable and trend was also so clear (downward).
• Range was: 341 pips (downward).
• The value of 50% Fibonacci retracement levels is: (High + Low) / 2 = 1.4000.
• (The key level to confirm a bullish market).
• Volatility is 477.40 so the market has called for a high volatile.

Observation (s):

• Please check out the market volatility before investing, because the sight price may have already been reached and scenarios become invalidate.
• Use historic prices to determine future prices.
• Fibonacci retracement uses to determine accurate psychology level of support and resistance, and playing according to in this kind of period.
• Breakout 2 – A breakout strategy that looks to go long when a currency pair breaks above its 24-hour trading range, short on a break below. Unlike a raw channel breakout strategy,