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: holding above 1.1300

 Tatiana Norkina, FBS analyst

The bulls have been holding positions above 1.1300 for three weeks in a row already. The pair's oversoldness is holding back the bears too. Yesterday, the pair consolidated above the figure once again but the downtrend still remains relevant - the four-hour Ichimoku cloud has a bearish direction. Apart from that, dead cross is in action as well.

All Ichimoku lines are moving sideways, as well as the oscillators under consideration.

We do not rule out a possibility of price increase to the cloud's lower border or to the Kijun-Sen level.

Technical levels: support – 1.1300; resistance – 1.1400.

Trade recommendations:

1. Sell — 1.1390; SL — 1.1410; TP1 — 1.1300; TP2 — 1.1260;

2. Sell — 1.1290; SL — 1.1310; TP1 — 1.1210; TP2 — 1.1160.

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