Good morning, traders, the Dukascopy TV team is back with the Support and Resistance Level Report for Monday.
Euro/Dollar is trading in the range limited by R1 of 1 1440 and S1 of 1 14.
R1 is backed up by Price Channel Indicator Upper Line, a 12 month high and 8 other studies, while R2 is a psychological level with 2 models. A 2 year high is the only match for R3. The highest support line sees 8 confirmations, and S2 has found 3 matches. A 20 day moving average is the only model for S3.
The Cable has been moving in waves, and it currently has R1 of 1 3020 and S1 of 1 2980.
R1 counts Price Channel Indicator Upper Line and Bollinger Upper Band among its 6 studies, and R2 is a 6 month high with 3 confirmations. R3 has found a single match. S1 leads in support with 4 models, and S3 is a 20 day moving average with 3 studies. A 50 day moving average is among the 2 matches for S2.
Dollar/Yen has the closest levels of 112 60 in resistance and 112 20 in support.
R2 is confirmed by Bollinger Upper Band, a 150 day moving average, Price ChannelIndicator Upper Line and 3 other studies, while R1 has found 4 matches. R3 is a psychological level with 2 models. The highest support line sees 11 confirmations, and S2 is a 100 day moving average with 6 matches. S3 is a 20 day moving average with 2 studies.
And Dollar/Swiss Franc stands between R1 of 0 9610 and S1 of 0 9560.
R1 is the most confirmed resistance line with 11 models. R2 is a 20 day moving average with 4 matches, and Price Channel Indicator Upper Line is among the 3 studies for R3. S1 leads in support with 10 models, including Bollinger Lower Band, Price Channel Indicator Lower Line and a 6 month low, while S2 is a psychological level with 3 studies. The lowest support line has found a single match.
I’m Celeste Skinner and that’s how our in-house model tests out today. Check back in tomorrow for the next overview.

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