It’s time once again for another Support and Resistance Level Report. I’m Imogen Comrie and here’s a look at how our in-house model tests out on this Tuesday.
First up is the Euro/Dollar, which trades between R1 of 1 25 and S1 of 1 2460.
The first resistance level with a key psychological level with a total of 8 confirmations. R2 has a 20 day moving average among its 4 matches and a 50 day moving average s one of the 2 confirmations for R3. S1 leads in support with 6 matches and it’s backed up by a 10 day moving average. S2 sees 5 confirmations and 2 matches for S3, which is a price channel indicator lower line.
The Cable is quite a stretch below R1 of 1 5740 and just slightly above S1 of 1 5640.
All three resistance levels have an equal number of 2 matches. R1 is a 5 day moving average, R2 is a 20 day moving average and R3 is a psychological level. S1 has found 5 matches, including Bollinger lower band. S2 has a price channel indicator lower line among its 3 matches and S3 is a psychological level.
Dollar/Yen has been relatively flat lately, trading between R1 of 116 90 and S1 of 116.
R1 is backed up by price channel indicator upper line and 2 more models. R2 is a Bollinger upper band and R3 is a psychological level. S2 leads in support with 3 matches and it’s a key psychological level. S1 and S3 both have 2 matches. The first line is a 5 day moving average and S3 is a 20 day moving average.
And last up for this report is Dollar/Swissie, which has R1 of 0 9650 and S1 of 0 96.
The first resistance level has a total of 12 matches and it’s a 10 day moving average. R2 follows with 4 matches, including price channel indicator upper line and Bollinger upper band. R3 is a 2 year high with a total of 2 matches. S1 and S3 both have found 2 matches. The first line is a 20 day moving average and S3 is a Bollinger lower band. S2 is a psychological level.
That concludes the Support and Resistance Level Report for Tuesday. We’ll be returning tomorrow with the next run-down of the key price levels. Goodbye.

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