It’s time for this week’s last edition of the Support and Resistance Level Report. I’m Alex Iszatt and here’s how our in-house model tests out this Friday.
Euro/Dollar has recovered some ground and now stands between R1 of 1 2670 and S1 of 1 2640.
R1 is the most confirmed resistance line with 5 studies, and R2 is a 10 day moving average with 3 matches. Standing at a 20 day moving average, R3 sees 2 confirmations. S3 is backed up by Price Channel Indicator Lower Line, a 2 year low and 5 other models, and the upper two support lines see 5 confirmations each. S2 is Bollinger Lower Band.
Next up is the Cable, and its yesterday’s decline leaves it below R1 of 1 6170 and above S1 of 61.
A 20 day moving average is among the 5 models for R2. R3 is backed up by Bollinger Upper Band and two other studies, and the lowest resistance line has found 2 matches. S2 is supported by Price Channel Indicator Lower Line, a 6 month low and 3 other studies, and S1 counts Bollinger Lower Band among its 3 confirmations. Standing at an important psychological level, S3 has found a single match.
Dollar/Yen has been moving in waves and now has the closest levels of 109 10 in resistance and 108 80 in support.
R2 is a former 4 year high with 10 studies, and a 10 day moving average is among the 8 matches for R1. R3 is confirmed by Price Channel Indicator Upper Line, a psychological level and another model. S1 leads in support with 9 studies, and S2 is a 20 day moving average with 3 matches. S3 counts Bollinger Lower Band as its only confirmation.
And the last pair for this report is the Dollar/Swiss Franc, which is trading in the range limited by R1 of 0 9560 and S1 of 0 9530.
The lowest resistance line has found 8 confirmations. R2 is backed up by Price Channel Indicator Upper Line, a 12 month high and 4 other models, and R3 has found a single match. S2 is a psychological level with 8 studies, and the highest support line sees 6 confirmations. Standing near a 10 day moving average, S3 has found 4 matches.
You’ve been watching the Support and Resistance Level Report for Friday. We’ll be returning on Monday with the next overview of the key price levels. See you then.

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