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: trading on the lows

Tatiana Norkina,  FBS analyst

The currency pair has formed a corridor with a lower limit of 1.2170 for the past few days and it yet serves as support. According to the results of this consolidation the oscillators turned up. However, consolidation under the Tenkan-sen line enables to assume that a downward trend will continue in the nearest future until the next important level of 1.2030.

It should be noticed that the Ichimoku cloud extends down strengthening the long-term bearish perspectives of the pair. An active dead cross is formed by Tenkan and Kijun lines.

Technical levels: support - 1.2170 / 80; resistance - 1.2220 / 30.

Trading recommendations:

1. Sell - 1.2200; SL - 1.2220; TP1 - 1.2110; TP2 - 1.2030.

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