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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

   Tatyana Norkina, FBS analyst

Bulls are trying to reverse the descending trend after a fix above 1.2900. Lokal resistance in the 1.2945-1.2960 doesn't allow them to act in a full capacity for now.

Ichimoku. As can be seen from the hourly chart, prices moved into a positive area. It happened on Friday, at the end of the trading week. This move can clearly trigger a break higher in the near term as the Ichimoku Cloud and Tenkan and Kijun lines have also switched into the positive area. There is a newly formed golden cross. Further market development will depend on the 1.2945-1.2960 area. 

Technical levels: support – 1.2920, 1.2945; resistance –1.2960, 1.2980, 1.3000, 1.3030.

Trade recommendation:

1. Sell — 1.2940; SL — 1.2960; TP1 — 1.2890; TP2 — 1.2830.

2. Buy — 1.2965; SL — 1.2945; TP1 — 1.3000; TP2 — 1.3030.

EUR
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