Hello, I’m Sam Meredith with Tuesday’s Support and Resistance Level Report. Here’s how our in-house model tests out today.
First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 1710 and S1 of 1 1530.
R1 counts Price Channel Indicator Upper Line among its 2 studies, and the other two resistance lines have found a single match each, including an important psychological level for R3. Standing near a 150 day moving average, S2 sees 7 confirmations, and S3 counts a 100 day moving average among its 5 models. A 6 month high is the only match for S1.
The Cable finds itself between R1 of 1 58 and S1 of 1 5750.
All three resistance lines have found exactly 2 matches each, and R1 is Price Channel Indicator Upper Line, whereas R2 is a 6 month high and R3 is a psychological level. Standing at a 50 day moving average, S2 is well confirmed with 11 studies. S3 is backed up by a psychological level, Bollinger Lower Band and another model, and the highest support line has found a single match.
Next up is the Dollar/Yen, which has the closest levels of 120 00 in resistance and 116 90 in support.
R3 leads in resistance with 3 studies, including a 20 day moving average, and R2 is a 100 day moving average with 2 models. A psychological level is the only match for R1. S2 counts Price Channel Indicator Lower Line among its 3 models, and the other two support lines have found a single match each, including a 6 month low for S1 and a psychological level for S3.
And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9350 and S1 of 0 9260.
The lowest resistance line has found 3 matches, and R2 is a 100 day moving average with 2 confirmations. A 20 day moving average is the only model for R3. S1 counts Price Channel Indicator Lower Line among its 2 studies, and S3 is a 6 month low with 2 matches. The second line sees a single confirmation.
You’ve been watching the Support and Resistance Level Report for Tuesday. Check back in tomorrow when the next report will be available.

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