Important trading levels for the Dollar this week [Video]

Jason Sen DayTradeIdeas.co.uk

It is a crucial week for the US dollar after recent weakness.

The Dollar Index is testing important longer-term Fibonacci & trend line support around the 100.00/99.70 area.

Just as the EUR/USD tests a descending trend line & 100-day moving average.

The AUD/USD is also testing the 100-day moving average.

And GBP/USD is testing a descending trend line.

Author

Jason Sen

DayTradeIdeas.co.uk

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens.

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