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

After Thursday’s selloff the pair is consolidating just above $1.2920. Friday’s trading showed the weakness of the bulls, and the European currency can remain under pressure in the near future.

Ichimoku indicator. Indeed, on H4 the currency pair fell below important support at $1.2980. Tenkan and Kijun began forming the Dead Cross. Cloud remains bearish.

On the hourly chart there’s the similar situation: this morning the pair formed a dead cross near the lower limit of the bearish Cloud.

Technical levels: support - 1.2920, 1.2830; resistance -1.2960, 1.3030.

Trading recommendations:

1. Sell - 1.2940; SL - 1.2960; TP1 - 1.2830.

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