Support and Resistance

You're watching the Support and Resistance Level Report for Wednesday. Here's how our in-house model tests out today.
First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 0880 and S1 of 1 0840.
Standing near a 20 day moving average, R1 is well confirmed with 11 studies, whereas R2 is confirmed by Bollinger Upper Band, a 100 day moving average and 2 other models. R3 has found 3 matches, including a psychological level and Price Channel Indicator Upper Line. S1 counts a 50 day moving average among its 11 models, and S3 is a 6 month low with 3 studies. Price Channel Indicator Lower Line is among the 2 matches for S2.
Pound/Dollar has rebounded, and it now stands between R1 of 1 4370 and S1 of 1 43.
R3 is a former 4 year low with 3 confirmations, and the other two resistance lines have found 2 matches each, including a 20 day moving average for R2. S1 is the most confirmed support line with 4 models, and Price Channel Indicator Lower Line is among the 2 studies for S2. S3 counts a psychological level as its only match.
Dollar/Yen has the closest levels of 118 60 in resistance and 118 10 in support.
The lowest resistance line has found 6 matches. R3 is backed up by Bollinger Upper Band, a 100 day moving average and another study, and R2 is a psychological level with 2 models. Standing at a 3 month low, S1 sees 6 confirmations. S2 is supported by Bollinger Lower Band, a 6 month low and another model, and a psychological level is the only match for S3.
And last up is the Dollar/Swiss Franc, which finds itself below R1 of 1 0190 and above S1 of 1 0160.
R2 is a 4 year high with 6 confirmations, and R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other models. A psychological level is the only match for R3. S2 is well confirmed with 12 studies, including a 50 day moving average, and the highest support line has found 5 matches. S3 is backed up by Bollinger Lower Band, a 100 day moving average and another model.
That was me, Jessica Walker, with Wednesday's Support and Resistance Level Report, but we'll be back tomorrow with the next one, so see you then.