Wednesday Support and Resistance Levels – December 20, 2017

Hello, traders, the eam brings you another Support and Resistance Level Report.

Euro/Dollar has gained some ground and now stands between R1 of 1 1860 and S1 of 1 1830.

The lowest resistance line has found 4 matches, and Price Channel Indicator Upper Line is among the 2 studies for R2. A psychological level is the only model for R3. Standing at a 50 day moving average, S2 sees 6 confirmations, and S1 counts a 20 day moving average among its 5 studies. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other technicals.

The Cable is up as well, and it finds itself below R1 of 1 34 and above S1 of 1 3370. Standing near a 20 day moving average, R1 sees 8 confirmations, and the second line has found 7 matches. R3 is confirmed by Bollinger Upper Band and a psychological level.

The highest support line has found 5 matches. S2 is backed up by Bollinger Lower Band, a 50 day moving average and another model, and S3 counts a 100 day moving average among its 2 studies.

Dollar/Yen is trading in the range limited by R1 of 113 20 and S1 of 112 90. R2 is the most confirmed resistance line with 6 studies, and R1 has found 4 matches. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other models. S1 is a 50 day moving average with 6 studies, and S2 counts a 20 day moving average among its 5 matches. S3 is a 150 day moving average with 3 confirmations.

Dollar/Swiss Franc has the closest levels of 0 9860 in resistance and 0 9830 in support. R2 is well confirmed with 11 models, including a 50 day moving average, and R1 is a 20 day moving average with 10 confirmations. Bollinger Upper Band is among the 3 models for R3.

The upper two support lines have found 4 matches each, including Bollinger Lower Band and a 100 day moving average for S2, whereas S3 is backed up by Price Channel Indicator Lower Line, a 150 day moving average and another model.