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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

  Tatiana Norkina, FBS analyst

The $1.3200 handle has become an obstacle, which hasn’t let the currency pair to make a corrective recovery. The 2-day consolidation below this level ended yesterday with the bears’ victory, and a downward trend resumed with euro breaking below the $1.3180 support. But sellers met another powerful level at $1.3160.

Ichimoku indicator. This support was formed on H4. It won’t be easy for the bears to move through this level. Indeed, Chinkou Span is the oversold zone. Therefore, soon a pullback to $1.3180 is possible.

On H1 the bearish bias has been increasing. So, Senkou Span A and B went down, and Tenkan-sen and Kijun-sen formed a Dead Cross. However, Chinkou was oversold.

Technical levels: support - $1.3130, $1.3160​​; resistance - $1.3180, $1.3200.

Trading recommendations:

1. Sell - $1.3180; SL - $1.3200; TP1 - $1.3130.

 

EUR
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