Good Monday morning, it’s a new trading week and a new Support and Resistance Level Report.
Euro/Dollar is trading in the range limited by R1 of 1 2470 and S1 of 1 24.
R2 is a psychological level with 4 models, and Bollinger Upper Band is among the 2 models for R1. The highest resistance line has found a single match. S1 leads in support with 6 studies, and a former 2 year high is now among the 4 models for S3. S2 is a 20 day moving average with 2 technicals.
The Cable has the closest levels of 1 4140 in resistance and 1 41 in support.
The lowest resistance line has found 4 matches, and Price Channel Indicator Upper Line is among the 3 studies for R2. R3 is a psychological level with 2 models. S3 counts a 20 day moving average among its 3 studies, and the highest support line has found 2 matches. A psychological level is the only model for S2.
Dollar/Yen finds itself between R1 of 109 and S1 of 108 70.
Standing near a 20 day moving average, R3 sees 6 confirmations. The lowest resistance line has found 5 matches, and R2 is a psychological level with 2 studies. The upper two support lines have found 3 matches each, including Bollinger Lower Band for S1 and a 6 month low for S2. S3 is a psychological level with a single confirmation.
And Dollar/Swiss Franc stands below R1 of 0 9380 and above S1 of 0 9320.
A former 2 year low is now among the 5 models for R2, and R3 is a psychological level with 2 studies. The lowest resistance line sees a single confirmation. S2 counts Price Channel Indicator Lower Line among its 4 models, and S3 is a psychological level with 2 studies. The highest support line has found a single match.
So that’s how our in-house model tests out today. I’m Kiays Khalil and the trading week is just getting started. Stay with us.

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