You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out today.
Euro/Dollar is currently trading in the range limited by R1 of 1 1040 and S1 of 1 1010.
Standing near a 150 day moving average, R1 sees 6 confirmations, and R2 counts a 20 day moving average among its 5 models. R3 is backed up by Bollinger Upper Band and Price Channel Indicator Upper Line. S1 counts a psychological level among its 7 matches, and S2 is a 100 day moving average with 3 models. S3 sees 2 confirmations, including Bollinger Lower Band.
Pound/Dollar has the closest levels of 1 3980 in resistance and 1 39 in support.
R2 is a former 4 year low with 7 confirmations. The lowest line has found 2 matches, and R3 counts a 20 day moving average as its only model. Standing near Price Channel Indicator Lower Line, S2 sees 3 confirmations. S3 is a psychological level with 2 models, and the highest line has found a single match.
Dollar/Yen has inched slightly higher and now has R1 of 112 80 and S1 of 112 20.
A former 12 month low is among the 5 models for R3. The lowest line has found 3 matches, and R2 is a psychological level with 2 studies. S1 is the most confirmed support line with 4 models, and S2 counts Price Channel Indicator Lower Line among its 3 matches. Standing at a psychological level, S3 sees 2 confirmations.
And Dollar/Swiss Franc currently stands below R1 of 0 99 and above S1 of 0 9870.
R2 counts a 100 day moving average among its 9 studies, and the lowest resistance line follows with 6 matches. R3 is a major psychological level with 4 confirmations. Standing at a 150 day moving average, S1 is well confirmed with 11 studies, and S2 is a 3 month low with 2 models. S3 counts Price Channel Indicator Lower Line as its only match.
That’s all for Thursday’s Support and Resistance Level Report. I’m Sam Meredith and we’ll be back tomorrow with the next overview. See you then.

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