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 Tatiana Norkina, FBS analyst

The currency pair continues trading on the downside near the strong support in the $1.3400 area. If this level fails, the bears will aim for $1.3375 in the near future.

Ichimoku indicator.
Indeed, the Ichimoku indicator is bearish both on H4 and H1. The bearish sentiment on H1 strengthened after yesterday’s recoil down from the bottom of the Cloud, followed by the breakdown of support in the $1.3420/1.3430 area. Obviously, if the prices settle below $1.3420, the bears will gather strength and continue pressuring the pair to break below $1.3400. Therefore, the probability renewing yesterday lows today will be quite high.

Technical levels: support - 1.3375, 1.3400; resistance - 1.3420, 1.3430.

Trading recommendations:

1. Sell - 1.3420; SL - 1.3440; TP1 - 1.3400; TP2 - 1.3375.

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