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Tuesday Support and Resistance Levels – November 21, 2017

The markets are jittery and nervous as gold and the euro are near support regions

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.

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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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