You’re watching the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out.
Euro/Dollar has seen a decline, which leaves it between R1 of 1 1950 and S1 of 1 1920.
A psychological level is among the 10 studies for R2. R3 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line, a 2 year high and 4 other models, and the lowest resistance line has found 5 matches. Standing near a 20 day moving average, S1 sees 6 confirmations. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band, a 150 day moving average and 2 other studies, and S2 is a 100 day moving average with 3 matches.
The Cable is down as well, as it now stands below R1 of 1 3540 and above S1 of 1 3510.
The lowest resistance line has found 7 matches. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other studies, and R3 is a 12 month high with 3 models. S1 counts a psychological level among its 9 studies, and S2 is a 20 day moving average with 6 matches. Price Channel Indicator Lower Line is among the 3 models for S3.
Dollar/Yen is another pair that’s been trending South, and it has R1 of 112 50 and S1 of 112 20.
Standing at a 50 day moving average, R2 is well confirmed with 13 studies, and the lowest resistance line has found 6 matches. Bollinger Upper Band is among the 2 models for R3. S1 has found 9 matches, including Bollinger Lower Band and a 100 day moving average. S2 is confirmed by Price Channel Indicator Lower Line, a 150 day moving average and another model, and the lowest support line has found 2 matches.
And Dollar/Swiss Franc has the closest levels of 0 9880 in resistance and 0 9820 in support.
R1 counts a 50 day moving average among its 4 models, while R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and another study. R3 is a major psychological level with 3 technicals. Standing at a 100 day moving average, S2 has found 8 matches. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 4 other studies, and S1 is a 20 day moving average with 2 models.
I’m Jessica Walker and this was the Support and Resistance Level Report. Stay with us throughout your trading day.

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