Good morning, traders, the Dukascopy TV team is here with another edition of the Support and Resistance Level Report.
Euro/Dollar is on an upswing again, as it currently stands between R1 of 1 1820 and S1 of 1 1780.
Standing at a 2 year high, R2 sees 8 confirmations, whereas the lowest support line has found 6 matches. R3 counts Price Channel Indicator Upper Line as its only model. S2 leads in support with 13 studies, and S1 is a 20 day moving average with 8 models. Bollinger Lower Band is among the 4 matches for S3.
Meanwhile, the Cable has been inching lower, and it now has R1 of 1 2820 and S1 of 1 2780.
R2 is well confirmed with 13 models, including a 100 day moving average. The lowest resistance line has found 10 matches, and R3 is a 50 day moving average with 2 studies. Price Channel Indicator Lower Line is among the 5 models for S1, and S2 counts Bollinger Lower Band among its 3 studies. Standing near a 150 day moving average, S3 sees 2 confirmations.
Dollar/Yen has the closest levels of 109 30 in resistance and 109 in support.
The lowest resistance line has found 8 matches. R3 is backed up by a 100 day moving average, Bollinger Upper Band and 3 other studies, and R2 sees 4 confirmations, including a 20 day moving average and a psychological level. S2 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and 4 other studies, while the highest support line has found 3 matches. S3 is a 6 month low with 2 confirmations.
And Dollar/Swiss Franc saw a decline yesterday, which leaves it below R1 of 0 9670 and above S1 of 0 9640.
R1 leads in resistance with 9 studies, including a 20 day moving average. R2 is confirmed by a 100 day moving average, Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other technicals, and R3 is a 150 day moving average with 2 matches. Standing at a 50 day moving average, S1 sees 7 confirmations, while S3 is a 12 month low with 5 models. S2 counts Bollinger Lower Band among its 2 studies.
I’m Celeste Skinner and that’s how our in-house model tests out this Thursday morning. Check back in tomorrow for this week’s last overview.

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