You’re watching the Support and Resistance Level Report for Tuesday. I’m Louise McCauley and here’s how our in-house model tests out today.
Euro/Dollar has seen a decline, which leaves it below R1 of 1 14 and above S1 of 1 1360.
R1 is the most confirmed resistance line with 6 studies, and R2 is a psychological level with 2 matches. R3 is backed up by Bollinger Upper Band and another model. The second support line sees 10 confirmations, and S3 is supported by Price Channel Indicator Lower Line, a 4 year low and 7 other studies. S1 is a 20 day moving average with 5 models.
The Cable is down as well and now stands between R1 of 1 5390 and S1 of 1 5340.
The lowest resistance line has found 7 matches. R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 4 other studies, and R3 is a psychological level with a single confirmation. Standing near a 50 day moving average, S1 has found 7 matches. The second line sees 3 confirmations, and S3 is a 10 day moving average with 2 studies.
Dollar/Yen has seen limited movement and is trading in the range limited by R1 of 118 70 and S1 of 118 40.
R1 is well confirmed with 13 studies, including a 50 day moving average, and the other two resistance lines have found 2 matches each. R2 is Bollinger Upper Band, and R3 is Price Channel Indicator Upper Line. A 20 day moving average is among the 8 studies for S1, and the lowest support line counts Bollinger Lower Band among its 2 confirmations. The second line has found a single match.
And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9320 and S1 of 0 9290.
R1 leads in resistance with 5 studies, and Price Channel Indicator Upper Line is among the 4 matches for R2. R3 is a 150 day moving average with 2 confirmations. S2 counts a 10 day moving average among its 13 studies, and the highest support line sees 10 confirmations. S3 counts a 20 day moving average as its only match.
That’s all for Tuesday’s Support and Resistance Level Report. Check back in tomorrow for the next overview of key events. Goodbye.

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