Thursday Support and Resistance Levels – May 11, 2017

Euro/Dollar has been trending lower and now has R1 of 1 09 and S1 of 1 0860. R1 is the most confirmed resistance line with 13 models. R2 is backed up by Price Channel Indicator Upper Line, a psychological level and 2 other studies, and Bollinger Upper Band is the only match for R3. The highest support line sees 6 confirmations, and a 50 day moving average is among the 3 models for S2. S3 is supported by Bollinger Lower Band and Price Channel Indicator Lower Line.

The Cable has mostly been trading in the range limited by R1 of 1 2960 and S1 of 1 2930. Standing at a 6 month high, R1 is well confirmed with 12 technicals. R2 has found 4 matches, including Price Channel Indicator Upper Line and a psychological level, and Bollinger Upper Band is among the 2 models for R3. S1 leads in support with 15 models, and S2 is a 20 day moving average with 2 studies. S3 is confirmed by Bollinger Lower Band and a 50 day moving average.

Dollar/Yen has the closest levels of 114 40 in resistance and 114 in support. Price Channel Indicator Upper Line is among the 2 studies for R1, and R3 is a 12 month high with 2 confirmations. R2 counts a psychological level as its one match. The upper and lower support lines see 5 confirmations each, including a 150 day moving average for S3, while S2 is a 100 day moving average with 4 models.

And Dollar/Swiss Franc finds itself below R1 of 1 0090 and above S1 of 1 0050. R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 4 other studies. R3 is a 4 year high with 4 models, and the second line sees 2 confirmations. S2 is supported by a 50 day moving average, a psychological level and 3 other models. S3 has found 4 matches, including Price Channel Indicator Lower Line and Bollinger Lower Band, while S1 counts a 100 day moving average among its 3 technicals.