Hello traders, let’s find out where the Support and Resistance levels stand this Wednesday morning.
Euro/Dollar has inched lower and now stands between R1 of 1 1220 and S1 of 1 1190.
Standing at a 150 day moving average, R1 is well confirmed with 11 models. Bollinger Upper Band is among the 2 studies for R2, and R3 is Price Channel Indicator Upper Line with 2 matches. S1 counts a 100 day moving average among its 9 models. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other studies, and S3 is a psychological level with 2 confirmations.
The Cable is trading in the range limited by R1 of 1 3030 and S1 of 1 2990.
The lowest resistance line has found 5 matches, and R2 is a 50 day moving average with 2 models. A 20 day moving average is the only confirmation for R3. Standing near a psychological level, S1 has found 9 matches, and S3 is a 4 year low with 6 confirmations. S2 counts Price Channel Indicator Lower Line among its 3 models.
Dollar/Yen has the closest levels of 100 70 in resistance and 100 40 in support.
R2 leads in resistance with 7 models, including a 20 day moving average, whereas the lowest resistance line has found 6 matches. R3 counts a 50 day moving average among its 3 studies. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band, a major psychological level and 4 other models. The highest line sees 6 confirmations, and S3 is a 2 year low with 4 matches.
And Dollar/Swiss Franc stands below R1 of 0 9740 and above S1 of 0 97.
R1 is a 150 day moving average with 8 models, and R2 counts Bollinger Upper Band among its 3 matches. Price Channel Indicator Upper Line is among the 2 studies for R3. The highest support line sees 8 confirmations. S2 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 4 other models, and S3 has found a single match.
I’m Jessica Walker and that’s how our in-house model tests out this Wednesday. Check back in tomorrow for the next overview. Goodbye.

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