EURUSD Trade Signal

Asset Class: Forex

Fx Pair: EUR/USD

Date: 14/2/2018

Current Level: 1.2350

Basic Forecast: EURUSD to range between 1.19-1.26 for several weeks, then to move higher, targeting 1.34

 

Positions: Long Positions

(1) Long if EURUSD cross above 1.2650

(2) Long if EURUSD retraces back to 1.1900

 

Technical Analysis of the Pair EUR/USD

EURUSD is expected to range between 1.19-1.26 for several weeks. According to TradingCenter EURUSD target for the next 3-4 months is 1.34.

Chart: Daily EURUSD Chart

EURO AGAINST THE US DOLLAR (DAILY) 

Key Technical Analysis Levels

These are some key Support/Resistance Levels.

Resistance Levels:

  • 2390-1.2420 (importance: 1/5)
  • 2510-1.2540 (importance: 3/5)
  • 2590-1.2650 (importance: 5/5)
  • 2890-1.2900 (importance: 2/5)
  • 3400-1.3450 (importance: 3/5)

Support Levels:

  • 2240-1.2200 (importance: 2/5)
  • 2070-1.2010 (importance: 1/5)
  • 1940-1.1900 (importance: 2/5)
  • 1830-1.1800 (importance: 3/5)
  • 1730-1.1680 (importance: 3/5)
  • 1550-1.1500 (importance: 5/5)

 

□ ExpertSignal.com (c)

14th, February 2018

Under permission by TradingCenter.org

Original report by George Protonotarios

The full report here: http://tradingcenter.org/index.php/87-signals/329-eurusd-usdx-february-2018

An Amazing forecast by ExpertSignal.com, back in 2014

The following article is from early 2014, published in our old ExpertSignal.com Blog (affiliated with TradingCenter.org)

By that time EURUSD traded at 1.3681 (January, 10 2014)

We have forecasted EURUSD to even 1.10 in the same year!

That means forecasting almost a 20% drop in a major Forex pair, in the same year!

Actually, EURUSD closed below 1.10 just in early March 2015.

Here is the original article...


 

Introduction to the Trading Center Indicator (TCI System)

TCI means Trading Center Indicator and it is a forecasting system developed by the partner site TradingCenter.org. TCI is a very innovative technical analysis tool that can analyze any Financial Market (Forex, Stocks, Indices, Commodities) in any period (from 1 minute to several years).

TCI combines several formulas in a single-price indication model. It contains full data from daily market action, including closing periodic prices, pivot points and daily volatility. What makes TCI unique is that it can be turned forward and forecast the upcoming prices in any period (forecast upcoming trends and reversals in specific calendar dates).
Trading Center Indicator (TCI System)

 

EUR/USD CHART AND FORECAST

Here is a historical chart of EUR/USD that was published on our affiliated TradingCenter.org. You may see the broad bearish channel that is not broken and suggest a long-term EUR/USD bearish trend. Probably, 2014 will be the year of the US Dollar and we should expect EURUSD even at 1.10.

EUR/USD CHART AND FORECAST

 

The Latest Trading Signal of TCI at Trading Center

The latest TCI signals concerns EURUSD during the current month (January 2014). Here are all TCI Indications

CALENDAR DATE
CLOSE
CHANGE (%)
TCI 
24 December 2013
1.367480
-0.1500%
1.260%
26 December 2013
1.368920
0.1100%
1.610%
27 December 2013
1.374740
0.4300%
2.060%
30 December 2013
1.379880
0.3700%
2.400%
31 December 2013
1.377690
-0.1600%
2.010%
2 January 2014
1.367040
-0.7700%
0.880%
January 2014
1.358660
-0.6100%
-0.220%
January 2014
1.362680
0.3000%
-0.100%
January 2014
1.361440
-0.0900%
-0.620%
January 2014
1.357400
-0.3000%
-1.200%
January 2014
1.360680
0.2400%
-0.170%
10 January 2014
1.366810
0.4500%
0.540%
Forecast: Begins January, 12th    
0.020%
13th January 2014    
0.370%
14th January 2014    
0.290%
15th January 2014    
0.110%
16th January 2014    
-0.260%
17th January 2014    
0.140%
19th January 2014    
0.530%
20th January 2014    
0.400%
21st January 2014    
0.190%
22nd January 2014    
-0.110%
23rd January 2014    
-0.280%
24th January 2014    
-0.530%
26th January 2014    
-0.820%
27th January 2014    
-0.870%
28th January 2014    
-0.510%
29th January 2014    
-0.260%

 

Here is the full signal at Trading Center: ► Trading Signals on TradingCenter.org (EURUSD January 2014)

 
ExpertSignal.com
Original Analysis by Giorgos Protonotarios (TradingCenter.org)