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Wednesday Support and Resistance Levels – December 13, 2017

By:
Jessica Walker
Updated: Dec 13, 2017, 09:09 UTC

Good morning, traders, the team is here with another Support and Resistance Level Report. Euro/Dollar is currently trading in the range limited by R1 of 1

Wednesday Support and Resistance Levels – December 13, 2017

Good morning, traders, the team is here with another Support and Resistance Level Report.

Euro/Dollar is currently trading in the range limited by R1 of 1 1760 and S1 of 1 1730. Standing at a 100 day moving average, R2 sees 9 confirmations, and R1 is a 50 day moving average with 7 models. Bollinger Upper Band is among the 3 studies for R3. The highest support line has found 4 matches, and Bollinger Lower Band is among the 3 models for S2. S3 is backed up by Price Channel Indicator Lower Line, a 150 day moving average and another technical.

The Cable has the closest levels of 1 3340 in resistance and 1 33 in support. R1 counts a 20 day moving average among its 10 studies, and the second line has found 8 matches. R3 is a psychological level with 4 confirmations. Standing near a 50 day moving average, S2 has found 3 matches, and S1 sees 2 confirmations. A 100 day moving average is the only model for S3.

Dollar/Yen has inched lower and now stands between R1 of 113 50 and S1 of 113 20. The lowest resistance line has found 12 matches. R2 is confirmed by Bollinger Upper Band, Price Channel Indicator Upper Line and 3 other studies, and R3 is a 6 month high with 5 confirmations. S2 counts a 20 day moving average among its 6 studies, and the highest support line has found 4 matches. S3 is a 150 day moving average with 2 models.

And Dollar/Swiss Franc finds itself below R1 of 0 9910 and above S1 of 0 9880. R1 is the most confirmed resistance line with no less than 14 studies, and Bollinger Upper Band is among the 5 models for R2. R3 is backed up by Price Channel Indicator Upper Line, a psychological level and another technical. S1 leads in support with 8 studies, including a 50 day moving average, and the second line has found 5 matches. S3 is supported by a 100 day moving average, Bollinger Lower Band Band and 2 other models.

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