Hello, I’m Sinead MacLaughlin with another Support and Resistance Level Report. Let’s see how our in-house model tests out this Thursday.
First up is the Euro/Dollar, and its yesterday’s decline leaves it between R1 of 1 2450 and S1 of 1 2410.
R2 leads in resistance with 20 studies, including a former 2 year low and a psychological level. The lowest resistance line has found 4 matches, and a 20 day moving average is among the 3 models for R3. S2 counts Price Channel Indicator Lower Line among its 5 studies, and the highest support line sees 4 confirmations. S3 counts Bollinger Lower Band as its only match.
The Cable has seen a decline, and it is now trading in the range limited by R1 of 1 5790 and S1 of 1 5760.
R3 counts a 20 day moving average and a psychological level among its 9 studies. R2 is a former 12 month low with 8 models, and R1 counts Bollinger Upper Band among its 2 confirmations. S1 has found 3 matches, including Price Channel Indicator Lower Line, and the other two support lines see a single confirmation each. S3 is a psychological level.
The next pair for this report is the Dollar/Yen, which has the closest levels of 116 in resistance and 115 60 in support.
Price Channel Indicator Upper Line is among the 4 matches for R1. R3 is backed up by Bollinger Upper Band and another study, and the second line sees a single confirmation. Standing near what used to be a 4 year high, S3 has found 8 matches. The highest support line sees 6 confirmations, and S2 is a psychological level with 4 studies.
And last up is the Dollar/Swiss Franc, which stands below R1 of 0 9680 and above S1 of 0 9650.
Standing near a 12 month high, R1 sees 10 confirmations. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 4 other models, and the highest resistance line has found a single match. S1 is the most confirmed support line with 16 studies, and S2 is a 20 day moving average with 4 matches. S3 is supported by a psychological level, a 50 day moving average and another model.
That’s all for Thursday’s Support and Resistance Level Report. We’ll be back tomorrow with the next overview of the key price levels, but for now, it’s goodbye.

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