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Tuesday Support and Resistance Levels – July 25, 2017

You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out.

Euro/Dollar is trading in the range limited by R1 of 1 1670 and S1 of 1 1630.
Price Channel Indicator Upper Line is among the 8 studies for R1, while R2 is a 2 year high with 2 models. The highest support line sees a single confirmation. S3 is backed up by a 20 day moving average, a 12 month high and 6 other studies, and

S1 has found 4 matches. S2 is a psychological level with 3 confirmations.
The Cable has the closest levels of 1 3050 in resistance and 1 3010 in support.
R1 leads in resistance with 7 studies, including a former 6 month high, and Bollinger Upper Band is among the 4 models for R2. R3 is Price Channel Indicator Upper Line with 3 matches. S1 counts a psychological level among its 7 models, and S2 is a 20 day moving average with 6 studies. A 50 day moving average is among the 3 matches for S3.

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Dollar/Yen finds itself below R1 of 111 30 and above S1 of 110 90.
Standing near a 150 day moving average, R3 sees 8 confirmations. R2 is a 100 day moving average with 7 models, and the lowest resistance line has found 2 matches. Bollinger Lower Band is among the 7 studies for S1, and S2 counts Price Channel Indicator Lower Line among its 3 models. S3 is a psychological level with 2 matches.

And Dollar/Swiss Franc stands between R1 of 0 9480 and S1 of 0 9450.
A former 12 month low is among the 10 models for R3, and R2 counts a psychological level among its 6 studies. The lowest resistance line sees 5 confirmations. Price Channel Indicator Lower Line is among the 9 studies for S1, and S2 sees 3 confirmations. A 2 year low is the only match for S3.

This article was originally posted on FX Empire

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