Hello, I’m Louise McCauley with Tuesday’s Support and Resistance Level Report. Here’s how our in-house model tests out today.
Euro/Dollar has seen a decline and is now trading in the range limited by R1 of 1 1020 and S1 of 1 0980.
Standing at a 100 day moving average, R1 sees 4 confirmations, and R2 is a 50 day moving average with 3 matches. Price Channel Indicator Upper Line is among the 2 studies for R3. S2 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other studies, and the other two support lines have found a single match each, including a 3 month low for S3.
The Cable has seen its ups and downs, and it currently stands between R1 of 1 55 and S1 of 1 5460.
R2 is the most confirmed resistance line with 8 studies, and R1 counts a psychological level among its 5 matches. R3 is backed up by Price Channel Indicator Upper Line, a 6 month high and 2 other models. S2 is supported by 5 models, including Bollinger Lower Band and Price Channel Indicator Lower Line. Standing near a 150 day moving average, S3 has found 2 matches, and the highest support line sees a single confirmation.
Dollar/Yen has gained some ground, and it finds itself below R1 of 123 50 and S1 of 123 10.
R3 is a 4 year high with 6 confirmations, and the lowest resistance line has found 5 matches. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another model. Standing at a 50 day moving average, S2 sees 6 confirmations, and S1 counts a 20 day moving average among its 5 studies. S3 is supported by a 150 day moving average, Price Channel Indicator Lower Line and 2 other models.
And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9520 and S1 of 0 9490.
Price Channel Indicator Upper Line is among the 4 studies for R1, and R2 is Bollinger Upper Band with 2 models. The highest resistance line has found a single match. S1 leads in support with 9 studies, including a 150 day moving average and a psychological level. S3 is backed up by Bollinger Lower Band, Price Channel Indicator Lower Line and another model, and S2 is a 50 day moving average with 2 matches.
You’ve been watching the Support and Resistance Level Report for Tuesday. Check back in tomorrow for the next overview of key price levels. Goodbye.

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