Hello, traders, let’s see where the Support and Resistance levels stand this Tuesday morning.
Euro/Dollar saw some volatility yesterday, but it now stands between R1 of 1 1760 and S1 of 1 1730. Standing near a 100 day moving average, R1 sees 6 matches, and Bollinger Upper Band is among the 3 models for R2. R3 is Price Channel Indicator Upper Line with 3 studies. S1 leads in support with 4 technicals, and S2 is a 20 day moving average with 3 models. S3 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and a 150 day moving average. The Cable has the closest levels of 1 3260 in resistance and 1 3210 in support.
R1 counts a 50 day moving average among its 4 studies, and Price Channel Indicator Upper Line is among the 4 models for R3. Standing near Bollinger Upper Band, R2 has found 3 matches. S3 sees 9 confirmations, including a 100 day moving average, and S2 is a 20 day moving average with 7 studies. The highest support line has found 6 matches.
Dollar/Yen finds itself below R1 of 112 70 and above S1 of 112 40. R3 is well confirmed with 11 models, including a 20 day moving average, and R1 is a 50 day moving average with 7 studies. The second resistance line has found 6 matches. S2 is Price Channel Indicator Lower Line with 4 models, and S1 counts Bollinger Lower Band among its 3 studies. The lowest support line has found 2 matches.
And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9950 and S1 of 0 9920. R1 is the most confirmed resistance line with 13 studies, including a 20 day moving average, and R2 is a major psychological level with 5 models. R3 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 3 other technicals. S1 leads in support with 8 models, and Bollinger Lower Band is among the 4 studies for S2. S3 is a 50 day moving average with 2 technicals.
This article was originally posted on FX Empire
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