It’s a new trading week, and the Dukascopy TV team is here with another Support and Resistance Level Report.
Euro/Dollar has opened lower, and it currently has R1 of 1 0630 and S1 of 1 0570.
Standing at a 100 day moving average, R1 sees 4 confirmations. R3 counts Price Channel Indicator Upper Line among its 3 studies, and a 20 day moving average is among the 2 models for R2. Standing at a 4 year low, S3 sees 5 confirmations. S1 is Bollinger Lower Band with 4 studies, and Price Channel Indicator Lower Line is among the 2 models for S2.
The Cable is down as well, as it stands below R1 of 1 2410 and above S1 of 1 2370.
R2 is well confirmed with 14 models, including a 150 day moving average. A 100 day moving average is among the 8 studies for R1, and R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other technicals. S3 is a 4 year low with 5 confirmations, and Bollinger Lower Band is among the 3 models for S2. The highest support line has found 2 matches.
Dollar/Yen has gained some ground, and it finds itself between R1 of 111 80 and S1 of 111 30.
The lowest resistance line counts a 20 day moving average among its 2 studies. R2 is a 50 day moving average with 2 matches, and Bollinger Upper Band is among the 2 models for R3. S1 is the most confirmed support line with 7 studies. S3 is backed up by Price Channel Indicator Lower Line, a psychological level and 4 other models, and S2 is a 150 day moving average with 5 matches.
And Dollar/Swiss Franc is trading in the range limited by R1 of 1 0110 and S1 of 1 0080.
R3 is a 4 year high with 6 confirmations, and Bollinger Upper Band is among the 4 models for R1. R2 counts Price Channel Indicator Upper Line among its 2 studies. S3 is well supported with 14 models, including a 150 day moving average and a major psychological level. S2 counts a 50 day moving average among its 11 studies, and S1 is a 100 day moving average with 3 matches.
I’m Celeste Skinner and that’s how our in-house model tests out today. Check back in tomorrow for the next overview. Goodbye.

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