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

The currency pair continued falling on Friday and again updated the lows, which are now at 1.2680.

Ichimoku indicator. The bearish sentiment on H4 is increasing again – all the lines of the Indicator have resumed falling. In addition, the Dead Cross remains active, while the Cloud is descending.

On H4 the indicator also supports the sellers. After a brief consolidation under the Cloud, the bears knocked the 1.2735 support formed by the Indicator lines. Later the $1.2700 handle fell.

Obviously, under such conditions, the market decline in the near future will continue.

Technical levels: support - $1.2650, $1.2600; resistance - $1.2715, $1.2735.

Trading recommendations:

1. Sell - $1.2700; SL - $1.2720; TP1 - $1.2650; TP2 - $1.2600.


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