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 pair keeps on touching the new lows. New low was fixed at 1.2500 on Friday. Note that the price broke below the major support at 1.2530.

Ichimoku. The Ichimoku indicator is bearish on both timeframes: Clouds are descending with active dead crosses, formed by Tenkan and Kijun. 

On the hourly timeframe bulls broke above the Tenkan-sen resistance. We expect to see corrective growth of the pair: Chinkou Span is now in the oversold area.

Technical levels: support – 1.2490; resistance – 1.2560, 1.2600.

Trade recommendations:

Sell — 1.2560; SL — 1.2580; TP1 — 1.2490.

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