Good morning, traders, the team is here with another Support and Resistance Level Report.
Euro/Dollar has been trending South, and it currently has R1 of 1 18 and S1 of 1 1760. Standing near a 20 day moving average, R2 sees 7 confirmations, while R3 is a 2 year high with 6 studies. The lowest resistance line has found 3 matches. Price Channel Indicator Lower Line is among the 4 models for S1, and S3 is a psychological level with 2 studies. A 100 day moving average is the only match for S2.
The Cable has also seen some decline, which leaves it below R1 of 1 3430 and above S1 of 1 34. R2 is a psychological level with 10 studies, and Price Channel Indicator Upper Line is among the 3 models for R3. A former 12 month high is now among the 2 matches for R1. The highest support line sees 5 confirmations, and S2 is backed up by a 6 month high, a 20 day moving average and 2 other models. S3 is a 50 day moving average with 2 studies.
Dollar/Yen, on the other hand, has gained some ground and now stands between R1 of 112 70 and S1 of 112 40. Price Channel Indicator Upper Line is among the 3 models for R1, whereas the other two resistance lines have found 2 matches each. R2 is Bollinger Upper Band, and R3 is a psychological level. S1 leads in support with 7 studies, and S2 is a 150 day moving average with 4 models. S3 counts a 20 day moving average among its 2 matches.
And Dollar/Swiss Franc is currently trading in the range limited by R1 of 0 9750 and S1 of 0 9710. R1 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies, while a 150 day moving average is among the 4 models for R2. The highest resistance line has found a single match. Standing at a 50 day moving average, S2 sees 9 confirmations, and S1 has found 3 matches. S3 is a psychological level with 2 models.