Support and Resistance

It's time for this week's last Support and Resistance Level Report. Here's how our in-house model tests out this Friday.
First up is the Euro/Dollar, which currently stands between R1 of 1 0910 and S1 of 1 0860.
R2 is the most confirmed resistance line with 10 models. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 150 day moving average and 3 studies, and R1 is a 20 day moving average with 4 matches. S1 leads in support with 4 models, and S2 counts Bollinger Lower Band among its 3 studies. S3 counts Price Channel Indicator Lower Line among its 2 matches.
The Cable has recovered some ground, and it now has R1 of 1 4630 and S1 of 1 4570.
Standing at a 6 month low, R3 sees 6 confirmations, and the lowest line has found 5 matches. R2 is backed up by 4 models. S1 is a 4 year low with 5 studies, and S2 counts a psychological level among its 2 confirmations. The lowest support line has found a single match.
Dollar/Yen has rebounded as well, and it now finds itself below R1 of 118 60 and above S1 of 118 10.
R3 is a 20 day moving average with 5 matches, whereas the other two lines have found 3 confirmations each, including an important psychological level for R2. S1 is backed up by Bollinger Lower Band, a 3 month low and 2 other studies, and Price Channel Indicator Lower Line is among the 2 models for S2. S3 counts a 6 month low as its only confirmation.
And Dollar/Swiss Franc is now trading in the range limited by R1 of 1 and S1 of 0 9960.
R1 is backed up by a 50 day moving average, a psychological level and 3 other studies, and R2 is Bollinger Upper Line with 3 matches. Price Channel Indicator Upper Line is among the 2 studies for R3. Standing at a 20 day moving average, S2 sees 5 confirmations. The highest support line has found 3 matches, and S3 is a 100 day moving average with 2 studies.
That's all for Friday's Support and Resistance Level Report. We'll be back on Monday with the next overview, but until then, goodbye.

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Support and Resistance