Thursday Support and Resistance Levels – May 18, 2017

Good morning traders, you’re watching the Support and Resistance Level Report for Thursday.
Euro/Dollar has had a couple of bullish days, and it now has R1 of 1 1170 and S1 of 1 1120.

Price Channel Indicator Upper Line is among the 2 models for R1, and R3 is a psychological level with 2 studies. Standing at a 6 month high, R2 sees a single confirmation. S3 leads in support with 10 models, and S2 is a psychological level with 5 studies. The highest support line has found 4 matches.
Next up is the Cable, which stands between R1 of 1 2970 and S1 of 1 2940.
Standing near a former 6 month high, R1 sees 10 confirmations. R2 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 4 other studies, while the highest resistance line has found a single match. S1 is the most confirmed support line with 13 technicals, and S2 is a 20 day moving average with 6 studies. Bollinger Lower Band is among the 2 models for S3.
Dollar/Yen has taken a hit, and it now has the closest levels of 111 60 in resistance and 111 10 in support.
Price Channel Indicator Upper Line is among the 3 models for R3, and R2 is a 100 day moving average with 2 studies. A 50 day moving average is the only match for R1. The highest support line sees 2 confirmations, while the other two have found exactly one match each. This includes a psychological level for S2 and Price Channel Indicator Lower Line for S3.
And Dollar/Swiss Franc is down as well, trading below R1 of 0 9810 and above S1 of 0 9770.
The lower two resistance lines have found 5 matches each, including a 20 day moving average for R2, while R3 is confirmed by a major psychological level, a 50 day moving average and 2 other studies. Price Channel Indicator Lower Line is among the 3 models for S1, and S2 is a 6 month low with 2 confirmations. Standing near a psychological level, S3 has found 2 matches.