It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report.
The first pair for this report is the Euro/Dollar which stands between R1 of 1 18 and S1 of 1 1760.
Standing at a former 2 year high, R2 sees 10 confirmations. The lowest resistance line has found 3 matches, and Price Channel Indicator Upper Line is among the 2 studies for R3. Standing at a 20 day moving average, S2 has found 5 matches. S1 sees 3 confirmations, and S3 counts a psychological level as its only model.
Pound/Dollar has the closest levels of 1 3070 in resistance and 1 3020 in support.
R2 is well confirmed with 12 models, including a former 6 month high, while the other two resistance lines have found 3 matches each. R3 is Price Channel Indicator Upper Line. S3 is backed up by a 100 day moving average, Price Channel Indicator Lower Line and another model, and S1 sees 2 confirmations. A 50 day moving average is the only study for S2.
Dollar/Yen finds itself below R1 of 110 90 and above S1 of 110 60.
The lowest resistance line has found 5 matches, and R2 is a 20 day moving average with 3 studies. R3 counts a 150 day moving average among its 2 models. S1 leads in support with 7 technicals, and S2 is a psychological level with 4 confirmations. Bollinger Lower Band is among the 2 studies for S3.
And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9760 and S1 of 0 9710.
R1 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other models, and R2 is a 100 day moving average with 3 studies. R3 counts a 150 day moving average as its only match. The highest support line sees 8 confirmations, and S2 is a 50 day moving average with 5 models. Standing at a 20 day moving average, S3 had found a single match.
I’m Jessica Walker and that’s how our in-house model tests out this Monday morning. Check back in tomorrow for the next overview.

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