Monday Support and Resistance Levels – June 26, 2017

Good morning traders, you’re watching this week’s first Support and Resistance Level Report. The first pair for this report is the Euro/Dollar, which stands between R1 of 1 1210 and S1 of 1 1170.

Standing near a 20 day moving average, R1 is well confirmed with 12 models, while R2 is a 6 month high with 5 studies. R3 is backed up by Price Channel Indicator Upper Line and Bollinger Upper Band. The highest support line has found 7 matches. S2 sees 5 confirmations, including Price Channel Indicator Lower Line and Bollinger Lower Band, while S3 is a 50 day moving average with 3 models.

The Cable has opened higher, and it currently has R1 of 1 2760 and S1 of 1 2730.
The lowest resistance line sees 9 confirmations, and R2 counts a 20 day moving average among its 6 studies. R3 is Bollinger Upper Band with 2 models. S1 leads in support with 8 technicals, and S2 is a 100 day moving average with 5 studies. Standing at a 150 day moving average, S3 sees 2 confirmations.
Dollar/Yen has seen limited movement, mostly trading below R1 of 111 40 and above S1 of 111 10.

The lowest resistance line has found 13 matches. R2 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line, a 100 day moving average and 3 other models, while R3 counts a 150 day moving average as its only confirmation. Standing near a 50 day moving average, S1 has found 10 matches, and a psychological level is among the 4 studies for S3. S2 is a 20 day moving average with 3 models.

And Dollar/Swiss Franc has the closest levels of 0 9710 in resistance and 0 9680 in support.

R1 is well confirmed with no less than 17 models, including a 20 day moving average. The second line has found 16 matches, while Price Channel Indicator Upper Line is among the 3 studies for R3. Standing at a 6 month low, S1 sees 8 confirmations. S2 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and another model, and S3 is a 12 month low with 2 studies.