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

The currency pair is trying to recover some ground. Fix above 1.2920 let the new buyers in, opening the way for a test of 1.3000. However, the bearish pressure still remains high: by the end of the day prices slipped to 1.2960.

Ichimoku. The 1.2980-1.3000 is likely to hold the bullish recovery. On the H1 chart the price broke below the Kijun line support. We await for a retest of the 1.2940 support. 

On the H4 prices are supported by the Tenkan and Kijun lines. Break and fix below could provoke new sales and a resumption of a major descending trend. 

Technical levels: support – 1.2920, 1.2940/1.2945; resistance –1.2960, 1.2980, 1.3000, 1.3030.

Trade recommendation:

1. Sell — 1.2960; SL — 1.2980; TP1 — 1.2890; TP2 — 1.2830.

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