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.

EUR/USD: sales ahead

 Tatiana Norkina, FBS analyst

Over the past two days, the bulls have managed to restore the currency pair rate to the 1.2480 level. It is here that the resistance is formed by the Kijun-sen line in the four-hour timeframe. Corrective growth was expected, since the Chinkou line prompted a strong currency pair oversoldness due to the Friday's collapse.

Obviously, it makes sense to expect a downward rebound from 1.2480 in the near future as the cloud is still bearish.

At the same time, we will observe the pair around the 1.2440 level, as the formation of a golden cross by the Tenkan and Kijun lines is possible here. In this case, the bulls can get active, setting the goal at the lower cloud border.

Oscillators have supported the pair growth. MACD has crossed the zero mark and got into the positive area.

Technical levels: support – 1.2440; resistance – 1.2480, 1.2540.

Trade recommendations:

1. Sell — 1.2480; SL — 1.2500; TP1 — 1.2440; TP2 — 1.2390.

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