You’re watching another edition of the Support and Resistance Level Report. I’m Imogen Comrieand here’s how our in-house model tests out this Tuesday.
Euro/Dollar has been recovering some ground, and it now is trading in the range limited by R1 of 1 2730 and S1 of 1 27.
R3 is backed up by a 50 day moving average, Price Channel Indicator Upper Line, a psychological level and another model. R1 has found 2 confirmations including a 20 day moving average, and R2 counts Bollinger Upper Band as its only match. The highest support line sees 7 confirmations. S3 is a 2 year low with 6 studies, and a 10 day moving average is among the 5 models for S2.
The Cable has seen limited movement, and it finds itself below R1 of 1 6090 and above S1 of 1 6060.
R1 leads in resistance with 9 studies, and the second line counts a 10 day moving average among 5 models. R3 is a 50 day moving average with 4 confirmations. S1 is the most confirmed support line with 10 models, including a 6 month low. The second line sees 3 matches, and S3 is a psychological level with 2 confirmations.
Dollar/Yen has been trending lower over the last few days, and it currently has R1 of 107 40 and S1 of 107 10.
Standing at a 4 year high, R3 has found 9 confirmations, and a 20 day moving average is among the 7 studies for R2. The lowest resistance line is backed up by 6 models. S1 counts Bollinger Lower Band among its 4 matches, and S2 sees 3 confirmations, including Price Channel Indicator Lower Line. S3 is a 50 day moving average with 2 studies.
Last up is the Dollar/Swiss Franc, and its yesterday’s decline leaves it between R1 of 0 9530 and S1 of 0 95.
The lowest resistance line has found 12 confirmations, and R2 is a 12 month high with 9 studies. R3 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 4 other models. S1 sees 5 matches, including a 20 day moving average and a psychological level, and S2 is supported by a single model. S3 counts Bollinger Lower Band as its only match.
That’s all for Tuesday’s Support and Resistance Level Report, We’ll be back tomorrow morning with the next report. See you then.

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