It’s the morning after the Fed meeting; let’s see where the Support and Resistance levels stand. And Euro/Dollar has seen quote a drop, now trading in the range limited by R1 of 1 1890 and S1 of 1 1860.
R2 is a psychological level with 7 studies, and the lowest resistance line has found 6 matches. R3 is now a 2 year high with 5 confirmations. The lower two support lines have found 2 matches each, including a 50 day moving average for S2 and Price Channel Indicator Lower Line for S3, while S1 sees a single confirmation.
The Cable is down as well, and it has the closest levels of 1 35 in resistance and 1 3450 in support. R1 is a psychological level with 6 models, whereas the second resistance line has found 5 matches. Price Channel Indicator Upper Line is among the 2 studies for R3. All the decline notwithstanding, S2 is still a former 6 month high with 4 models, while S1 counts a former 12 month high among its 2 studies. S3 is a 20 day moving average with 2 technicals.
Dollar/Yen, on the other hand, is up, and it now stands between R1 of 112 60 and S1 of 112 20. All three resistance lines have found exactly 2 matches each, and, among these, R1 is Price Channel Indicator Upper Line, while R3 is a 6 month high. S2 counts a 150 day moving average among its 6 studies, and S3 is a 50 day moving average with 4 models. The highest support line has found 2 matches.
And Dollar/Swiss Franc has risen to stand below R1 of 0 9760 and above S1 of 0 9710. The lowest resistance line sees 3 confirmations, and R2 counts a 150 day moving average among its 2 studies. The highest resistance line has found a single match. Standing at a 50 day moving average, S2 is well confirmed with 14 models, and the highest support line sees 5 confirmations. S3 is a psychological level with 4 models.