It’s time for another edition of the Support and Resistance Level Report. I’m Imogen Comrie and here’s how our in-house model tests out this Tuesday.
Euro/Dollar has seen limited movement, rarely stepping outside the range limited by R1 of 1 2860 and S1 of 1 2830.
R2 is a 10 day moving average with 9 models, and the lowest resistance line has found 5 matches. R3 is backed up by a 20 day moving average, a psychological level and 2 other studies. Price Channel Indicator Lower Line is among the 8 models for S1. S3 is supported by Bollinger Lower Band and another study, and the second line sees a single confirmation.
Pound/Dollar has gained some ground and now stands between R1 of 1 64 and S1 of 1 6370.
Standing near a 3 month low, R3 leads in resistance with 4 studies. The lowest resistance line has found 3 matches, and R2 is a psychological level with 2 confirmations. A 10 day moving average is among the 6 models for S3, and the highest line has found 5 matches, including a 20 day moving average. S2 is supported by 4 studies.
Next up is the Dollar/Yen, which has the closest levels of 108 90 in resistance and 108 60 in support.
R1 is the most confirmed resistance line with 7 studies, and R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other models. Standing at the important psychological level of 110, R3 has found 2 matches. S1 leads in support with 8 models, and the second line sees a single confirmation. S3 is a 10 day moving average with 2 matches.
And the last pair for this report is the Dollar/Yen, which finds itself below R1 of 0 9410 and S1 of 0 9380.
The lowest resistance line has found 8 matches, and Price Channel Indicator Upper Line is among the 3 models for R2. R3 is backed up by Bollinger Upper Band and another study. Standing near a 10 day moving average, S2 is well confirmed with 15 studies, and S1 is supported by 8 models. S3 is a 20 day moving average with 3 matches.
You’ve been watching the Support and Resistance Level Report for Tuesday. We’ll be back tomorrow with the next overview of the key price levels. Goodbye.

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