Thursday’s Support and Resistance level report is here. Let’s see how our in-house model tests out today.
First up is the Euro/Dollar, which has the closest levels of 1 15 in resistance and 1 1410 in support.
R1 is a key psychological level and it’s also a price channel indicator upper line and it’s near yesterday’s high. R2 and R3 both have a couple of matches. The second level is a Bollinger upper band and R3 is a 2 year high. S1 leads in support with 9 confirmations. S2 is both a weekly low and a 20 day moving average and only a 50 day moving average is near S3.
Pound/Dollar is currently trading in the range limited by R1 of 1 2910 and S1 of 1 2870.
There are 6 alternative studies near R1. R3 posts 5 confirmations and it’s a price channel indicator upper line. R2 is a psychological level and it has a total of 2 confirmations. A 50 day moving average is among the 8 matches for S1. S2 is near 5 studies and a 20 day moving average is one of them. A 100 day moving average is one of the 2 confirmations for S3.
Dollar/Yen’s recent slide puts the pair below R1 of 113 20 and above S1 of 112 80.
R1 is backed up by 8 alternative studies. R2 follows with 6 confirmations and there are 4 matches for R3, which is both a price channel indicator upper line and a Bollinger upper band. S1 leads in support with 5 confirmations, including a 150 day moving average. S2 posts 4 matches and it’s a 20 day moving average. 3 studies are near S3, which is a 100 day moving average.
And last up is the Dollar/Swiss Franc, which has R1 of 0 9660 and S1 of 0 9620.
R1 is confirmed by a 20 day moving average and 7 more models. R3 is a price channel indicator upper line and it has a total of 3 matches. 2 studies are near R2, which is a 50 day moving average. S1 has found 11 matches. S2 follows with 7 confirmations and it’s both a price channel indicator lower line and a Bollinger lower band. S3 is psychological level and it has a total of 2 matches.
I’m Celeste Skinner and you’ve been watching the Support and Resistance Level Report for Thursday. Check back in tomorrow when the next report will be available. Goodbye.

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