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Wednesday Support and Resistance Levels – November 29, 2017

By:
Jack William Everitt
Published: Nov 29, 2017, 09:15 UTC

Good morning, traders, the team brings you another Support and Resistance Level Report. Euro/Dollar has seen a decline, which leaves it below R1 of 1 1870

Wednesday Support and Resistance Levels – November 29, 2017

Good morning, traders, the team brings you another Support and Resistance Level Report.

Euro/Dollar has seen a decline, which leaves it below R1 of 1 1870 and above S1 of 1 1830. The lower two resistance lines have found 2 matches each, including Bollinger Upper Band for R2, whereas R3 is a psychological level with 2 models. Standing at a 20 day moving average, S3 sees 8 confirmations, and S2 is a 100 day moving average with 6 studies. The highest support line has found 4 matches.

The Cable, on the other hand, has seen a bit of a rally and now has R1 of 1 3380 and S1 of 1 3340. R1 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 2 other studies, and R3 is a 12 month high with 3 confirmations. A psychological level is among the 2 models for R2. S2 is well confirmed with 12 studies, including a 50 day moving average, and the highest support line has found 5 matches. S3 counts a 100 day moving average among its 2 models.

Dollar/Yen is trading in the range limited by R1 of 111 70 and S1 of 111 40. The second resistance line has found 7 matches, and R1 is a 150 day moving average with 5 models. A 50 day moving average is among the 3 studies for R3. The highest support line sees 10 confirmations. S2 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other studies, and S3 is a psychological level with 2 technicals.

And Dollar/Swiss Franc has been inching higher, as it now stands between R1 of 0 9860 and S1 of 0 9830. R2 is a 20 day moving average with 9 confirmations, and the lowest resistance line has found 5 matches. R3 is a major psychological level with 3 models. Standing near a 50 day moving average, S1 sees 7 confirmations, whereas S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other models. S3 is a 150 day moving average with 4 studies.

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