You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out.
First up is the Euro/Dollar, which has the closest levels of 1 0810 in resistance and 1 0780 in support.
R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 150 day moving average and 6 other studies. R2 sees 2 confirmations, and the highest resistance line has found a single match. S1 leads in support with 9 models. The second line sees 5 confirmations, and S3 is a 50 day moving average with 4 studies.
The Cable is trading in the range limited by R1 of 1 25 and S1 of 1 2460.
The lowest resistance line is a psychological level with 5 studies, whereas the other two lines have found a single match each, namely, a 150 day moving average for R2 and Price Channel Indicator Upper Line for R3. Standing at a 100 day moving average, S2 sees 7 confirmations. The highest support line has found 3 matches, and S3 is a 20 day moving average with 3 studies.
Dollar/Yen finds itself below R1 of 111 60 and above S1 of 111 30.
R2 counts a 100 day moving average among its 9 models, and R3 is a psychological level with 6 studies. The lowest resistance line sees 5 confirmations. S1 counts Bollinger Lower Band among its 3 models, and S2 is Price Channel Indicator Lower Line with 3 studies. S3 is backed up by a psychological level and a 150 day moving average.
And Dollar/Swiss Franc stands between R1 of 0 9940 and S1 of 0 99.
R1 leads in resistance with 10 models. R2 is backed up by a psychological level, a 150 day moving average and 5 other studies, and R3 counts a 100 day moving average among its 6 matches. Price Channel Indicator Lower Line is among the 5 models for S2, and S1 sees 2 confirmations. The lowest support line has found a single match.
I’m Kiays Khalil and this was the Support and Resistance Level Report for Thursday. Check back in tomorrow for this week’s last overview of the key price levels. Goodbye.

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