Thursday Support and Resistance Levels – January 11, 2018

Good morning, traders, the team is here with another Support and Resistance Level Report.

Euro/Dollar is currently trading in the range limited by R1 of 1 1990 and S1 of 1 1940. R2 is confirmed by Bollinger Upper Band, Price Channel Indicator Upper Line, a 2 year high and 4 other studies, and R1 counts a psychological level among its 6 models. The highest resistance line has found 2 matches. S1 leads in support with 7 studies. S3 is confirmed by Bollinger Lower Band, Price Channel Indicator Lower Line, a 150 day moving average and another model, and S2 is a 100 day moving average with 3 technicals.

The Cable has the closest levels of 1 3520 in resistance and 1 3490 in support. R1 leads in resistance with 7 studies. R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other models, and R3 is a 12 month high with 3 confirmations. Standing at a 20 day moving average, S2 has found 4 matches, and S1 sees 3 confirmations. S3 is a 50 day moving average with 2 models.

Dollar/Yen stands below R1 of 111 90 and above S1 of 111 40. Standing near a 50 day moving average, R2 is well confirmed with 13 models. R1 is a 150 day moving average with 4 studies, whereas R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other technicals. Price Channel Indicator Lower Line is among the 5 studies for S1, and the second line sees 2 confirmations. A psychological level is the only match for S3.

And Dollar/Swiss Franc finds itself between R1 of 0 9810 and S1 of 0 9770. The second resistance line has found 5 matches, and R1 counts a 20 day moving average among its 3 studies. R3 is confirmed by Price Channel Indicator Upper Line and Bollinger Upper Band. S1 leads in support with 15 models, and S2 is a 150 day moving average with 9 technicals. S3 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other studies.