Thursday Support and Resistance Levels – June 15, 2017

It’s time for Thursday’s Support and Resistance Level Report. Let’s take a closer look at how our in-house model tests out.
Euro/Dollar’s rise was followed by a drop and the pair stands below R1 of 1 1270 and above S1 of 1 1210.

First line leads in resistance with 12 confirmations and it’s a 6 month high. R2 follows with 4 matches and it’s both a price channel indicator upper line and a Bollinger upper band. R3 is a 12 month high and it has a total of 2 confirmations. S1 is backed up by a 20 day moving average and 13 more models. S2 sees 5 matches and 3 studies are near S3, which is a Bollinger lower band.
Pound/Dollar has retreated from R1 of 1 2810 and it now has S1 of 1 2720.
A 50 day moving average is one of the 4 confirmations for R1. R2 is near 3 studies and a 20 day moving average is one of them. R3 is a psychological level. The first two support levels both have 5 matches and the second level is near a Bollinger lower band and a price channel indicator lower line. S3 is close to 2 studies and a 100 day moving average is one of them.
Next up is the Dollar/Yen, which is trading in the range limited by R1 of 110 and S1 of 109 20.
R1 has a total of 11 confirmations and it’s a psychological level. R2 posts 6 matches and 4 studies are near R3, which is a 20 day moving average. All three support levels have an equal number of 3 confirmations. The first line is a Bollinger lower band and S2 is confirmed by a price channel indicator lower line.
Dollar/Swissie has R1 of 0 9740 and S1 of 0 97.
R1 leads in resistance with 3 matches. The second line has 2 confirmations, including a Bollinger upper band. R3 is backed up by a 50 day moving average. A 20 day moving average is one of the 13 matches for S1. S2 is confirmed by a 6 month low and 11 more models. S3 posts 5 matches and it’s both a Bollinger lower band and a price channel indicator lower line.