Good morning, traders, the Dukascopy TV team is here with another Support and Resistance Level Report.
Euro/Dollar is currently trading in the range limited by R1 of 1 1240 and S1 of 1 1210.
The lowest resistance line has found 7 matches. R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 4 other models, while R3 counts a 12 month high as its one and only match. Standing at a 50 day moving average, S1 is well supported with 15 models, and Bollinger Lower Band is among the 4 studies for S2. Standing at a psychological level, S3 sees a single confirmation.
The Cable has recovered from its losses and now stands between R1 of 1 2770 and S1 of 1 2740.
Standing at a 20 day moving average, R3 sees 6 confirmations. The lowest resistance line has found 4 matches, and R2 is a 50 day moving average with 2 studies. S1 leads in support with 5 technicals, and Bollinger Lower Band is among the 4 models for S2. S3 counts a 100 day moving average as its only match.
Dollar/Yen has the closest levels of 110 10 in resistance and 109 80 in support.
R1 is well confirmed with 11 models, including a psychological level. R2 is a 20 day moving average with 3 studies, and Bollinger Upper Band is the only match for R3. Bollinger Lower Band is among the 7 models for S2, whereas the highest support line sees 5 confirmations. S3 is Price Channel Indicator Lower Line with 4 studies.
And Dollar/Swiss Franc finds itself below R1 of 0 97 and above S1 of 0 9670.
R1 is the most confirmed resistance line with 14 models, including a 20 day moving average. R2 counts Bollinger Upper Band among its 3 studies, while a 50 day moving average is the only model for R3. Standing at a 6 month low, S1 is well supported with 15 models. S2 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other studies, while S3 counts a 12 month low as its only match.
And that’s how our in-house model tests out this Wednesday morning. I’m Jack Everitt and we’ll be back tomorrow with the next overview. See you then.

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