You’re watching this week’s last Support and Resistance Level Report. I’m Sinead MacLaughlin and here’s how our in-house model tests out today.
Euro/Dollar has been trending North and now has the closest levels of 1 2470 in resistance and 1 2440 in support.
R2 is well confirmed with 13 studies, including a psychological level and a former 2 year low. R1 counts a 20 day moving average among its 8 models, and R3 is Bollinger Upper Band with 2 matches. S1 leads in support with 6 studies. S3 is confirmed by Bollinger Lower Band, Price Channel Indicator Lower Line and three other models, and the second line sees 3 confirmations.
Next up is the Cable, and its yesterday’s decline leaves it below R1 of 1 5730 and above S1 of 1 57.
R2 is a 20 day moving average with 6 models, and a former 12 month low is among the 5 studies for R3. The lowest resistance line has found 4 matches. S1 is the most confirmed support line with 11 studies, and S2 counts Price Channel Indicator Lower Line among its 3 indicators. Bollinger Lower Band is the only match for S3.
Dollar/Yen has seen a rise which puts it between R1 of 118 30 and S1 of 118.
The lowest resistance line has found 6 matches. R2 counts Price Channel Indicator Upper Line among its 3 studies, and R3 is Bollinger Upper Band with a single match. S1 is backed up by 8 studies, and the second line sees 7 confirmations. Standing at a 20 day moving average, S3 has found 2 matches.
Dollar/Swiss Franc has been moving up as well and is now trading in the range limited by R1 of 0 9670 and 0 9640.
R1 is the most confirmed resistance line with 7 models. R2 counts Bollinger Upper Band among its 4 matches, and R3 is backed up by Price Channel Indicator Upper Line and another model. Standing at a 20 day moving average, S1 sees 10 confirmations. The second line has found 8 matches, and S3 is supported by a 50 day moving average, Bollinger Lower Band and 2 other studies.
That’s all for Friday’s Support and Resistance Level Report. We’ll be right back after the weekend with the next overview of key price levels, so see you then.

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