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Forex Trading Signals -EURUSD September 2014

Free Forex Trading Signals: EURUSD September 2014

Market: Forex

Asset: EURUSD

EURUSD Outlook

During summer 2014 the US Dollar gained important ground against the European currency. Since the early 2014, TradingCenter has alerted Forex traders about an upcoming USD appreciation against the Euro that will last for many years ahead. But this is a long-term approach and during that forecasted bearish course we are going to witness many important bear-market rallies. In this analysis we are going to investigate if the time of an important bear-market rally has come for EURUSD. The European Central Bank meets on Thursday and any ECB decision can highly affect the upcoming EURUSD exchange rate.

EURUSD Technical Analysis

Strong Supply Level: 1.3421

Strong Demand Level: 1.2945 / 1.2987

EURUSD MT4

TCI on EURUSD

The Trading Center Indicator (TCI) is a unique Technical Analysis Indicator developed by TradingCenter. More About TCI

Here are the TCI Indications regarding EURUSD that include 15 trading days ahead. As you can see TCI forecasts a local low during Wednesday the 3rd of September 2014. At this point we have pointed a Local Low in Red. The fourth of September 2014 seems to be a technical turnaround date according to TCI. But this is the same day that ECB meets to take an important rate decision! Is that a pure coincidence or is it the magic nature of TCI numbers?

Table: TCI on EURUSD

Date Close High Low Volume Daily Change (%) Volatility (%) TCI Short-Term TCI Long-Term
2014.08.12 1.33676 1.33845 1.33352 83285 -0.12% 0.4% -0.88% -2.53%
2014.08.13 1.33629 1.34143 1.33415 105493 -0.04% 0.5% -1.09% -2.82%
2014.08.14 1.33635 1.34069 1.33476 102507 0.00% 0.4% -1.10% -3.15%
2014.08.15 1.33985 1.34108 1.33579 109077 0.26% 0.4% -0.27% -2.42%
2014.08.18 1.33618 1.33984 1.33521 69470 -0.27% 0.3% -0.64% -2.81%
2014.08.19 1.33182 1.33625 1.33113 98613 -0.33% 0.4% -1.14% -3.27%
2014.08.20 1.32578 1.33234 1.32527 107005 -0.45% 0.5% -1.76% -4.45%
2014.08.21 1.32795 1.32878 1.3241 97155 0.16% 0.4% -1.44% -4.07%
2014.08.22 1.32393 1.32957 1.32175 106388 -0.30% 0.6% -1.70% -4.51%
2014.08.25 1.31908 1.32095 1.31827 78663 -0.37% 0.2% -2.07% -4.84%
2014.08.26 1.31659 1.32138 1.31638 108476 -0.19% 0.4% -2.32% -5.16%
2014.08.27 1.31912 1.3209 1.31517 118100 0.19% 0.4% -2.19% -4.68%
2014.08.28 1.31802 1.322 1.31589 121234 -0.08% 0.5% -2.30% -5.06%
2014.08.29 1.31307 1.31952 1.31304 114322 -0.38% 0.5% -2.56% -5.55%
2014.09.01 (13.00 GMT) 1.31345 1.31446 1.31183 53051 0.03% 0.2% -2.44% -5.64%
(+1 Trading Day)           -2.27% -4.94%
(+2 Trading Days)          -LOCAL LOW- -2.64% -5.11%
(+3 Trading Days)           -2.35% -5.05%
(+4 Trading Days)           -2.09% -4.97%
(+5 Trading Days)           -1.93% -4.87%
(+6 Trading Days)           -1.90% -4.61%
(+7 Trading Days)           -2.01% -4.50%
(+8 Trading Days)           -1.71% -4.44%
(+9 Trading Days)           -1.36% -4.58%
(+10 Trading Days)           -0.97% -4.48%
(+11 Trading Days)           -1.13% -4.45%
(+12 Trading Days)           -0.76% -4.18%
(+13 Trading Days)           -0.51% -4.03%
(+14 Trading Days)           -0.28% -4.24%
(+15 Trading Days)           -0.46% -4.46%

EURUSD Statistics

Here are the Statistics for EURUSD based on 13.5 years of research by TradingCenter. As you can see September is a good month for Euro against the US dollar. 

MONTH CHANGE AVERAGE CHANGE TIMES VOLATILITY AVERAGE VOLUME
AUGUST -4.76% -0.34% 8↑ 6↓ 0.809% 343,904
SEPTEMBER 10.40% 0.80% 7↑ 6↓ 0.908% 181,408
OCTOBER -6.56% -0.50% 7↑ 6↓ 0.904% 749,700

More EURUSD Statistics Here

EURUSD Upcoming News

These are the recent important news of EURUSD:   

Important News for Euro

  1. The European Central Bank meets on Thursday and Forex traders are waiting for changes in Euro’s monetary policy. (Euro Rate decision Thursday 11:45, press conference at 12:30)
  2. The average consumer prices in the 18-countries of Eurozone fell 0.2% year-over-year. The Eurozone inflation is getting close to zero and that easier a more flexible ECB monetary policy.
  3. The Federal Statistics Office of Germany recently confirmed an earlier estimate of 0.2% percent GDP contraction on the quarter. Furthermore, the construction investment in Germany dropped 4.2%. 

EUROZONE CPI

Important News for US Dollar

  1. The US economy grew 4.0% annually in the second quarter 2014.
  2. Recent data from the US government showed US personal spending shrunk 0.1% in July 2014.
  3. US employers hired 218,000 workers in July 2014. Most economists estimate that the US economy will return to full employment by 2016.
  4. The US Trade Deficit shrunk in June 2014 to its lowest level since January 2014 and reached $41.5 billion.

Free Forex Trading Signals: EURUSD

Giorgos Protonotarios for TradingCenter (September 1st, 2014 -13.00 GMT)

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