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: bearish trend conrinues

 Tatiana Norkina, FBS analyst

During yesterday's trading session, the currency pair rate again fell under all lines of the four-hour indicator, returning to the recent lows of 1.1750. This could mean soon resumption of the downtrend since the Tenkan and Kijun lines have started formation of a dead cross. Let us also pay attention to the cloud's expansion downwards.

At the same time, oscillators keep forming divergence with the price chart, although MACD signal line hints a good opportunity for new sales of the currency pair.

Technical levels: support – 1.1750; resistance – 1.1800, 1.1850.

Trade recommendations:

1. Sell — 1.1800; SL — 1.1830; TP1 — 1.1750; TP2 — 1.1725.

Scroll to top