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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

Friday's trading ended with a victory of the bears. The currency pair declined for a second day returning to $1.2600.

Ichimoku indicator. Support is formed at this level on both timeframes. Therefore, at the forthcoming session there’s a possibility of a rebound up. The main resistance for the bulls may be at $1.2645. Consolidation under this level may put an end to short-term bullish sentiment. In this case, the depreciation will continue until $ 1.2535.

If the bulls manage to get into the hourly Cloud, then expect an increase to the 27th figure.

Technical levels: support - $1.2535, $1.2600; resistance -$ 1.2645, $1.2700.

Trading recommendations:

1. Buy - $1.2600; SL - $1.2580; TP1 - $1.2645; TP2 - $1.2700.

2. Sell - $1.2590; SL - $1.2610; TP1 - $1.2560; TP2 - $1.2530.

EUR
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