Support and Resistance Levels

Tuesday Support and Resistance Levels – June 6, 2017

Euro/Dollar has seen both ups and downs, but it currently stands below R1 of 1 1290 and above S1 of 1 1260.

Price Channel Indicator Upper Line is among the 6 models for R1, while R2 counts Bollinger Upper Band among its 2 studies. A 12 month high is the only match for R3. Standing near a former 6 month high, S1 sees 8 confirmations. S2 is a 20 day moving average with 5 studies, and S3 counts a psychological level as its one and only model.
The Cable has gained some ground, and it now trades between R1 of 1 2940 and S1 of 1 2910.
The lowest resistance line sees 5 confirmations. R3 is backed up by Price Channel Indicator Upper Line, a 6 month high and 2 other studies, while R3 has found a single match, and it is a psychological level. S2 leads in support with 8 models. S3 is confirmed by Bollinger Lower Band, Price Channel Indicator Lower Line, a 50 day moving average and 4 other technicals, while S1 is a 20 day moving average with 5 studies.
Dollar/Yen has steadily been trending South, currently trading in the range limited by R1 of 110 and S1 of 109 50.
Standing at a 50 day moving average, R2 is well confirmed with 13 models. R1 is a psychological level with 3 studies, whereas a 150 day moving average is the only match for R3. The upper two support lines see 2 confirmations each, including Bollinger Lower Band for S1 and a 6 month low for S2. Standing at another psychological level, S3 has found a single match.
And Dollar/Swiss Franc has the closest levels of 0 9650 in resistance and 0 9620 in support.
R2 is the most confirmed resistance line with 10 studies, and R1 has found 6 matches. R3 is a major psychological level with 2 models. Price Channel Indicator Lower Line is among the 7 studies for S1. S2 is supported by Bollinger Lower Band, a 12 month low and another model, while S3 counts another psychological level as its only confirmation.

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Kiays Khalil

Experienced Broadcast Journalist with a demonstrated history of working in the financial services industry. Skilled in Photography, News Writing, Editing, Journalism, and Public Speaking. Worked on radio and for the BBC World News Sports Team. Also spent time in the Middle East working as Freelance correspondent. Strong media and communication professional with a Bachelor of Arts (BA) focused in International Journalism from University of Central Lancashire.