Hello, I’m Monica Gibson and you’re watching another edition of the Support and Resistance Level Report. Here’s how our in-house model tests out today.
Euro/Dollar has been moving South, and it now stands between R1 of 1 2920 and S1 of 1 2860.
R3 is a former 6 month low with 9 confirmations, and Bollinger Upper Band is among the 5 studies for R1. Standing at an important psychological level, R2 has found 3 matches. The upper and lower support lines see 2 confirmations each, including a 2 year low and a psychological level for S3. S2 is backed up by a single study.
The Cable has been inching lower as well, and it is trading in the range limited by R1 of 1 6090 and S1 of 1 6040.
Standing at a 6 month low, R3 has found 8 matches. Price Channel Indicator Upper Line is among the 3 models for R1, and R2 is Bollinger Upper Band with 2 studies. S2 is an important psychological level with 2 confirmations, and S3 is backed up by a 12 month low and another psychological level. The highest support line has found a single match.
Dollar/Yen is testing new heights, and it finds itself below R1 of 106 50 and above S1 of 106 10.
A psychological level is among the two models for R3, and the other two resistance lines are backed up by a single study each. The lowest support line is a previous 6 month high with 7 models. Standing at what used to be a 4 year high, S2 sees 6 confirmations, and S1 is backed up by Bollinger Lower Band, Price Channel Indicator Lower Line and two other studies.
And last up is the Dollar/Swiss Franc, which has the closest levels of 0 9390 in resistance and 0 9340 in support.
The lowest resistance line has found 3 matches, and a 12 month high is among the 2 studies for R3. R2 is backed up a single model. S3 well confirmed with 13 studies, including a former 6 month high, and Bollinger Upper Band is among the 6 confirmations for S1. S2 has found 5 matches.
You’ve been watching the Support and Resistance Level Report for Tuesday. Check back in tomorrow for the next overview of the key price levels. Goodbye.

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