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

Last Friday, the bears broke through an important support level of $1.3160. The level of $1.3140 failed as well. Thus, the downward trend has continued again. The European currency looked weaker against the dollar during today's Asian session. The market renewed low at 1.3118.

Ichimoku indicator. The indicator is bearish on both timeframes. And if on H1 Tenkan and Kijun formed a Dead Cross, on H4 both lines are declining simultaneously, indicating the strength of the downtrend. Therefore, in the near future, it makes sense to expect a test of the next important level – $1.3080.

Technical levels: support - $1.3080, $1.3130; resistance - $1.3140, $1.3160​​.

Trading recommendations:

1. Sell - $1.3140; SL - $1.3160; $TP1 - 1.3080.

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