Wednesday Support and Resistance Levels – May 24, 2017

Good Wednesday morning, you’re watching another Dukascopy Support and Resistance Level Report.
We start with traders’ favourite pair, the Euro/Dollar, which has R1 of 1 12 and S1 of 1 1170.

Bollinger Upper Band is among the 5 models for R2, while the lowest resistance line has found 4 matches. R3 is a 6 month high with 2 studies. S2 leads in support with 7 confirmations, and S1 has found 5 matches. S3 is backed up by a psychological level, a 20 day moving average and another model.
The Cable is trading in the range limited by R1 of 1 2990 and S1 of 1 2950.
R1 counts a psychological level among its 8 models, and Price Channel Indicator Upper Line is among the 3 studies for R2. The highest resistance line has found a single match. Standing near a former 6 month high, S1 sees 9 confirmations, and S2 counts a 20 day moving average among its 6 studies. Bollinger Lower Band is among the 2 models for S3.
Dollar/Yen finds itself below R1 of 112 30 and above S1 of 111 80.
Standing near a 150 day moving average, R1 has found 5 matches, while R2 is a 100 day moving average with 3 studies. R3 is backed up by Price Channel Indicator Upper Line and Bollinger Upper Band. S2 is well confirmed with 14 models, including a 50 day moving average, and Bollinger Lower Band is among the 3 studies for S3. The highest support line sees a single confirmation.
And Dollar/Swiss Franc has the closest levels of 0 9780 in resistance and 09 740 in support.
The lowest resistance line has found 5 matches. R3 is backed up by a major psychological level, a 100 day moving average and 2 other studies, and R2 counts a 20 day moving average as its only match. S1 leads in support with 6 models. S2 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other studies, while a 6 month low is the only match for S3.