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: trading recommendation for EUR/USD

  By Tatyana Norkina, FBS

The currency pair continued to fall yesterday forming new lows in the 1.2780 area. Thus, the market’s sentiment remains bearish.

Ichimoku indicator. Ichimoku indicator shows strengthening downtrend on both timeframes. On H4 all lines went down, and on H1 the break below the lower limit of the Ichimoku Cloud contributed to the formation of a new Dead Cross and the decline of Senkou Span A and B, which strengthened the negative Cloud. Therefore, in the near future only sales will be relevant.

However, as Chinkou Span is in the oversold area, EUR/USD may consolidate.

Technical levels: support - 1.2730, 1.2750; resistance -1.2790, 1.2820.

Trading recommendations:

1. Sell - 1.2790; SL - 1.2810; TP1 - 1.2750; TP2 - 1.2730.

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