You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out this morning.
Euro/Dollar has recovered some ground and now has R1 of 1 1260 and S1 of 1 1230.
R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 4 other models, while R3 is a psychological level with 2 studies. A 6 month high is the only match for R2. S2 leads in support with 10 confirmations, while the highest support line has found 4 matches. S3 is confirmed by a 20 day moving average and a psychological level.
Pound/Dollar has the closest levels of 1 30 in resistance and 1 2970 in support.
Standing at a psychological level, R1 sees 8 confirmations. Price Channel Indicator Upper Line is among the 3 models for R2, while the highest resistance line has found a single match. S1 is well confirmed with 11 studies, including a 6 month high, and S2 is a 20 day moving average with 9 confirmations. Bollinger Lower Band is among the 3 studies for S3.
Dollar/Yen has inched lower, and it currently stands between R1 of 111 80 and S1 of 111 40.
R2 counts a 150 day moving average among its 6 models. The lowest resistance line sees 5 confirmations, while R3 has found 2 matches, namely, Price Channel Indicator Upper Line and Bollinger Upper Band. Standing near a 50 day moving average, S1 sees 10 confirmations. Bollinger Lower Band is among the 3 models for S2, and Price Channel Indicator Lower Line is the one and only match for S3.
And Dollar/Swiss Franc is down as well, trading below R1 of 0 9730 and above S1 of 0 97.
R1 is the most confirmed resistance line with 9 studies, while the second line has found 8 matches. R3 is a 20 day moving average with 3 models. Price Channel Indicator Lower Line is among the 5 studies for S1, and S2 is a 6 month low with 2 technicals. S3 has found a single match, and it’s a 12 month low.
I’m Celeste Skinner and this was the Support and Resistance Level Report for Thursday. Check back in tomorrow for the next overview. Goodbye.

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