The Dollar tests crucial longer term levels [Video]

Jason Sen DayTradeIdeas.co.uk

EURUSD & GBPUSD are both testing long term trend lines going back to November 2025.

These are crucial support areas and I believe there is a good chance we will bounce from the trend lines today, before the release of the US non farm payroll number.

I think the real test of these trend lines will come on Friday. A stronger than expected employment number is likely to push the dollar higher and we might break these important longer term support levels for a sell signal.

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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