You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out today.
Euro/Dollar has recovered some ground and now has R1 of 1 0590 and S1 of 1 0560.
A 50 day moving average is among the 8 studies for R1, and R2 is a 20 day moving average with 5 models. A 100 day moving average is among the 2 matches for R3. The highest support line sees 6 confirmations, and S3 is a 4 year low with 6 studies. Bollinger Lower Band is among the 4 models for S2.
The Cable has inched higher and now stands between R1 of 1 2460 and S1 of 1 2420.
R1 is the most confirmed resistance line with 13 models. R2 is backed up by a 20 day moving average, a psychological level and 8 other studies, and Bollinger Upper Band is among the 2 matches for R3. S1 leads in support with 7 studies. S2 is confirmed by Bollinger Lower Band, a 100 day moving average and 3 other models, and Price Channel Indicator Lower Line is the only match for S3.
Dollar/Yen currently has the closest levels of 113 60 in resistance and 113 20 in support.
R1 leads in resistance with 13 models. R2 is confirmed by Bollinger Upper Band, a psychological level, a 50 day moving average and 2 other studies, and Price Channel Indicator Upper Line is among the 2 matches for R3. Standing near a 20 day moving average, S1 sees 7 confirmations. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band, a 100 day moving average and another model, and a psychological level is the only match for S3.
And Dollar/Swiss Franc is trading in the range limited by R1 of 1 0120 and S1 of 1 0090.
Standing at a 4 year high, R3 sees 7 confirmations, and Bollinger Upper Band is among the 4 models for R1. The second resistance line has found 2 matches. S2 is well confirmed with 15 models, including a 100 day moving average, and S1 counts a 50 day moving average among its 10 studies. S3 is supported by a psychological level, a 20 day moving average and 3 other models.
I’m Celeste Skinner and this was the Support and Resistance Level Report for Thursday. Check back in tomorrow for the next overview.

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