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

The EUR/USD pair is expected to trade within a range of 1.19–1.26 in the coming weeks, while TradingCenter forecasts a medium-term target of 1.34 over the next 3–4 months.

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

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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).
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