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Tuesday Support and Resistance Levels – May 30, 2017

By
Kiays Khalil
Published: May 30, 2017, 07:22 GMT+00:00

Euro/Dollar has been trending South, and it currently has R1 of 1 1160 and S1 of 1 1110. The lowest resistance line has found 7 matches. R3 is backed up

Support and Resistance Levels

Euro/Dollar has been trending South, and it currently has R1 of 1 1160 and S1 of 1 1110.
The lowest resistance line has found 7 matches. R3 is backed up by Bollinger Upper Band, a 6 month high and 2 other models while Price Channel Indicator Upper Line is among the 3 studies for R2. S1 leads in support with 7 models, and S2 is a 20 day moving average with 2 matches. A 50 day moving average is the only confirmation for S3.

The Cable currently has the closest levels of 1 2820 in resistance and 1 2790 in support.
Standing near a 20 day moving average, R2 sees 8 confirmations, while R1 has found 5 matches. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other models. Standing near Price Channel Indicator Lower Line, S1 sees 5 confirmations. A 50 day moving average is among the 2 studies for S2 and a 100 day moving average is the only match for S3.
Dollar/Yen finds itself between R1 of 111 10 and S1 of 110 80.
R1 is well confirmed with 15 models, including a 50 day moving average, while R2 sees 9 confirmations. R3 is backed up by Price Channel Indicator Upper Line and Bollinger Upper Band. S1 leads in support with 4 models. S2 has found 3 matches, including Price Channel Indicator Lower Line and Bollinger Lower Band, while the lowest support line sees 2 confirmations.
And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9810 and S1 of 0 9780.
R1 is the most confirmed resistance line with 8 studies. R3 is backed up by a major psychological level, a 100 day moving average and 2 other models, while a 50 day moving average is the only match for R2. The highest support line sees 5 confirmations, and Price Channel Indicator Lower Line is among the 3 models for S2. Bollinger Lower Band is the only match for S3.

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