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Tatyana graduated from Bashkir State University with the major of Applied Mathematics and IT. She used to work as a system analyst in a large IT company. Entered the financial markets in 2008. Her trading system is based on classical technical analysis, Ichimoku indicator and the elements of fundamental analysis. Tatyana is very dedicated to her family and children. In her free time she enjoys rising a bicycle.

FBS: trade recommendation for EUR/USD

 By Tatyana Norkina, FBS analyst

The strengthening of the US dollar after EUR/USD broke support at $1.3620, has ruined the prospects for the bulls. The situation changed in favor of the bears. Yesterday the pair formed low at 1.3560.

Ichimoku indicator. Indeed, the indicator Ichimoku became bearish on H4 as well as on an H1. The Cloud started descending, and Tenkan and Kijun formed the Dead Crosses. Note that the targets of the decline haven’t been reached yet. Therefore, in the near future we should expect EUR/USD to test 1.3540-1.3550.

Technical levels: support - 1.3540; resistance - 1.3575, 1.3590.

Trading recommendations:

1. Sell — 1.3575; SL — 1.3590; TP1 — 1.3540.

2. Buy — 1.3540; SL — 1.3520; TP1 — 1.3590.

EUR
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