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Thursday Support and Resistance Levels – June 1, 2017

By:
Celeste Skinner
Published: Jun 1, 2017, 07:24 UTC

This is the Support and Resistance Level Report for Thursday. Here's how our in-house model tests out. Euro/Dollar is on the rise again, and it currently

Support and Resistance Levels

This is the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out.
Euro/Dollar is on the rise again, and it currently has R1 of 1 1270 and S1 of 1 1220.

R1 has found 6 matches, including Price Channel Indicator Upper Line and a 6 month high, while the upper two resistance lines see a single confirmation each, that is, Bollinger Upper Band for R2 and a 12 month high for R3. S1 leads in support with 5 studies, and S3 is a psychological level with 2 models. A 20 day moving average is the only match for S2.
The Cable has also gained some ground, and it now stands between R1 of 1 2910 and S1 of 1 2850.
R3 is confirmed by Bollinger Upper Band, Price Channel Indicator Upper Line, a 6 month high and 4 other studies, while R2 is a psychological level with 6 models. Standing at a 20 day moving average, R1 has found 4 matches. The highest support line sees 7 confirmations, and Price Channel Indicator Lower Line is among the 4 models for S2. Standing at a 100 day moving average, S3 has found 2 matches.
Dollar/Yen has seen its ups and downs, but it now finds itself below R1 of 111 20 and above S1 of 110 90.
Standing at a 50 day moving average, R1 is well confirmed with 20 technicals. R2 has found 6 matches, and R3 is a 100 day moving average with 3 models. S1 is the most confirmed support line with 8 studies. S2 counts Price Channel Indicator Lower Line among its 4 matches, while S3 is supported by Bollinger Lower Band, a psychological level and another model.
And Dollar/Swiss Franc has seen a decline, as it’s trading in the range limited by R1 of 0 97 and S1 of 0 9670.
R2 is the most confirmed resistance line with 13 models, while R1 has found 5 matches. R3 is a 50 day moving average with 2 studies. S1 is supported by Price Channel Indicator Lower Line, a 6 month low and 5 other models. S3 is a psychological level with 2 technicals, and Bollinger Lower Band is the only match for S2.

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