Friday Support and Resistance Levels – July 21, 2017

Good morning, traders, the team is here with this week’s last Support and Resistance Level Report.

Euro/Dollar saw quite a rise yesterday, and it now has R1 of 1 1660 and S1 of 1 1610.

The lower two resistance lines have found 2 matches each, including Price Channel Indicator Upper Line for R1 and a 2 year high for R2, whereas R3 has found a single match. S2 leads in support with 8 models, and S3 is a 20 day moving average with 7 studies. The highest support line sees a single confirmation.

The Cable, however, went down and now stands between R1 of 1 30 and S1 of 1 2960.

Standing near a 6 month high, R2 is well confirmed with 11 studies. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another model, whereas R1 counts a psychological level among its 2 matches. S2 is a 20 day moving average with 6 studies, and a 50 day moving average is among the 5 models for S3. The highest support line has found 3 matches.

Dollar/Yen has seen its ups and downs, but it currently stands below R1 of 112 20 and S1 of 111 70.

R2 is a 150 day moving average with 8 studies, and the lowest resistance line has found 5 matches. Bollinger Upper Band is among the 4 models for R3. Standing at a 100 day moving average, S1 sees 5 confirmations. S2 counts Price Channel Indicator Lower Line among its 3 models, and S3 is a psychological level with 2 studies.

Dollar/Swiss Franc has seen a drop and is now trading in the range limited by R1 of 0 9520 and S1 of 0 9490.

R2 is well confirmed with 11 studies, including a 20 day moving average. The lowest resistance line has found 3 matches, and R3 is Bollinger Upper Band with 2 models. S1 is backed up by a psychological level, Price Channel Indicator Lower Line and 2 other studies, while S3 is a 2 year low with 2 confirmations. The second support line sees a single confirmation.