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Tuesday Support and Resistance Levels – June 20, 2017

By:
Celeste Skinner
Published: Jun 20, 2017, 08:16 UTC

You're watching the Support and Resistance Level Report for Tuesday. Here's how our in-house model tests out. Euro/Dollar has seen a decline, which leaves

Support and Resistance Levels

You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out.
Euro/Dollar has seen a decline, which leaves it between R1 of 1 1170 and S1 of 1 1140.

Standing at a 20 day moving average, R2 is well confirmed with 17 models. The lowest resistance line has found 5 matches, while R3 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 2 other studies. The upper two support lines see 5 confirmations each, including Price Channel Indicator Lower Line and Bollinger Lower Band for S2. S3 is supported by a psychological level, a 50 day moving average and another model.
The Cable is down as well, trading in the range limited by R1 of 1 2750 and S1 of 1 2720.
R1 is the most confirmed resistance line with 12 models, and R2 counts a 50 day moving average among its 4 technicals. R3 is backed up by Bollinger Upper Band, a psychological level and another study. S2 has found 6 matches, including Bollinger Lower Band and Price Channel Indicator Lower Line. The highest support line sees 4 confirmations, and S3 is a 150 day moving average with 2 models.
Dollar/Yen, on the other hand, has gained some ground, as it has R1 of 111 90 and S1 of 111 40.
R1 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 2 other studies, while R1 is a 100 day moving average with 2 confirmations. A 150 day moving average is the only model for R3. Standing at a psychological level, S3 sees 9 confirmations, and S2 is a 50 day moving average with 7 studies. The highest support line has found 4 matches.
And Dollar/Swiss Franc has the closest levels of 0 9770 in resistance and 0 9740 in support.
R2 leads in resistance with 4 models, including Price Channel Indicator Upper Line and Bollinger Upper Band, while R1 has found 3 matches. Standing at a 100 day moving average, R3 sees 2 confirmations. S1 is the most confirmed support line with 11 technicals, and S2 is a 20 day moving average with 9 studies. S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and another model.

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