EUR/USD Weekly Outlook

Analytic Dave 2/17/2024 04:03:00 AM

EUR/USD edged lower to 1.0694 last week but recovered since then. Initial bias remains neutral this week first. Further decline is in favor with 1.0804 resistance intact. On the downside, below 1.0694 will resume the fall from 1.1138 to retest 1.0447 support. Nevertheless, considering bullish convergence condition in 4H MACD, above 1.0804 will turn bias […]

The post EUR/USD Weekly Outlook appeared first on Action Forex.

Post a Comment

0 Comments

Analytic Dave: A Journey in Trading and Investing Analytic Dave is a self-taught trader and investor who shares insights into financial markets, trading psychology, and technical analysis. His journey captures the highs and lows of navigating the complex world of derivatives trading, stocks, and investments. Here are some key aspects of Analytic Dave’s portfolio and content: Portfolio Purpose: Analytic Dave’s portfolio serves as a personal financial analysis journal. It chronicles his experiences, strategies, and learning moments as he navigates the financial markets. Importantly, he emphasizes that his portfolio does not act as financial advice for any community. Trading Psychology: Analytic Dave delves into trading psychology, discussing topics like the Fractals Indicator, RSI Indicator, and setting up Moving Averages. These insights provide valuable perspectives for both novice and experienced traders. Forex Analysis: Analytic Dave offers regular analysis of currency pairs, including GBP/JPY, EUR/USD, and USD/JPY. His technical and fundamental assessments provide traders with actionable information. Weekly and Daily Outlooks: Whether it’s mid-day or daily, Analytic Dave provides outlooks for major currency pairs. These insights help traders stay informed about potential market movements. Educational Content: Analytic Dave’s YouTube channel documents his journey as a trader and investor. While he doesn’t provide financial advice, his channel offers valuable insights for those interested in the world of trading. Remember, Analytic Dave’s journey is personal, and his experiences may resonate with others navigating the financial landscape. As with any financial decisions, it’s essential to conduct thorough research and seek professional advice when needed. Keep exploring, and may your trading journey be as insightful as Analytic Dave’s!