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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: 1.1300 support withstood

 Tatiana Norkina, FBS analyst

Support level formed around the 1.1300 figure has yet withstood under the bears' pressure, allowing the bulls to get into the game. As a result, resistance of the four-hour Ichimoku cloud lower border was broken and trades continued in the cloud area. The local high for the past two weeks was established just above the 15th figure that contains a strong resistanceas well.

Oscillators have changed for the positive: the MACD histogram has risen above zero, RSI has grown as well, approaching the upper limit of the range.

We should obviously expect consolidation within the cloud in the near future, with repeated testing of Senkou Span B level.

Technical levels: support – 1.14300; resistance – 1.1520.

Trade recommendations:

1. Buy — 1.1410; SL — 1.1390; TP1 — 1.1500; TP2 — 1.1520

EUR
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