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: downtrend is still relevant

Tatiana Norkina, FBS analyst

In recent days, the bears managed to move trades under the four-hour Ichimoku line, while maintaining relevance of both dead cross and descending nature of the cloud. But this morning active buyers who returned prices  to Tenkan, seemed more active.

It should be noted that the oscillators are currently also growing.

Therefore, most likely, the main task of the bears in the near future is to keep prices under the figure of 1.1600. In case of success of this campaign, very soon we may see the new lows. Otherwise the outset will be tightened to test the level of the bottom of the cloud.

Technical levels: support - 1.1540; resistance - 1.1580, 1.1600.

Trading recommendations:

1. Sell - 1.1570 / 80; SL - 1.1600; TP1 - 1.1500; TP2 - 1.1440.

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