📶 Free Forex Trading Signals: EURUSD September 2014

■ Market: Forex

■ Asset: EURUSD

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💱 EURUSD Outlook

During the summer of 2014, the US Dollar gained significant ground against the European currency. Since early 2014, TradingCenter has alerted Forex traders about a long-term USD appreciation against the Euro, expected to last for many years. However, this is a long-term outlook, and throughout this projected bearish trend, we can expect several notable bear-market rallies. In this analysis, we will examine whether the time has come for a significant bear-market rally in EURUSD. The European Central Bank meets on Thursday, and any decision made by the ECB could strongly impact the upcoming EURUSD exchange rate.

EURUSD Technical Analysis

■ Strong Supply Level: 1.3421

■ Strong Demand Level: 1.2945 / 1.2987

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⚙️ TCI on EURUSD

The Trading Center Indicator (TCI) is a proprietary technical analysis tool developed by TradingCenter.

Below are the TCI indications for EURUSD, projecting 15 trading days ahead. As shown, TCI forecasts a local low on Wednesday, September 3rd, 2014. This potential low point is marked in red. According to TCI, September 4th, 2014, appears to be a key technical turnaround date. Interestingly, this is also the day the ECB is scheduled to announce an important rate decision. Is this merely a coincidence—or does it reflect the remarkable predictive power of TCI?

Table: TCI on EURUSD

Date	Close	High	Low	Volume	Daily Change (%)	Volatility (%)	TCI Short-Term	TCI Long-Term
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%

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📊 EURUSD Statistics

Here are the EURUSD statistics based on 13.5 years of research by TradingCenter. As shown, September has historically been a favorable month for the 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

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📰 EURUSD Upcoming News

Recent Key News for EURUSD

Important News for the Euro:

• The European Central Bank meets on Thursday. Forex traders are anticipating potential changes in Eurozone monetary policy. (Rate decision: Thursday at 11:45; Press conference: 12:30)

• Average consumer prices in the 18 Eurozone countries fell by 0.2% year-over-year. With inflation nearing zero, this supports the case for a more flexible ECB monetary policy.

• Germany's Federal Statistics Office confirmed a quarterly GDP contraction of 0.2%. In addition, construction investment in Germany dropped by 4.2%.

Important News for the US Dollar:

• The U.S. economy grew at an annual rate of 4.0% in Q2 2014.

• U.S. personal spending declined by 0.1% in July 2014, according to recent government data.

• U.S. employers added 218,000 jobs in July 2014. Most economists expect the U.S. economy to return to full employment by 2016.

• The U.S. trade deficit fell in June 2014 to $41.5 billion, its lowest level since January 2014.

 

■ Free Forex Trading Signals: EURUSD

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