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

Tatiana Norkina, an analyst at FBS

Currency pair rebounded slightly yesterday, breaking the resistance 1.2520 / 30. However, today's trades show the weakness of the bulls which fail to hold the positions. Though, consolidation above 1.2520 / 30 can give them the opportunity to continue the recovery of the market in the area of ​​1.2590 / 1.2600, after what the downward trend is likely to continue.

Ichimoku. There is a strong resistance level which is able to stop corrective recovery of the pair precisely in the area of ​​the figure. The mark appears on one-hour (cloud top) and four-hours (Kijun-sen).

Technical levels: Support - 1.2520 / 30; resistance - 1.2590 / 1.2600.

Trading recommendations:

1. Sell - 1.2520 / 30; SL - 1.2550; TP1 - 1.2440; TP2 - 1.2360.

2. Sell - 1.2590 / 1.2600; SL - 1.2620; TP1 - 1.2490; TP2 - 1.2440.


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