Free Forex EURUSD Trade Signal

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Forex Trading Signals

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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