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: assault of 1.15 is postponed

  Tatiana Norkina,  FBS analyst

Currency pair managed to return to the four-hour zone of Ichimoku cloud within the past 2 days. We’d remind that currency rate of the pair is situated within the cloud from the end of last week. However, the proximity of powerful resistance in  Senkou Span B spooked the new customers. Thus, today we observe a downward trend of the market again. Support is located just below the 14th figure, which is formed by the Tenkan and Kijun lines. Note that the last one canceled golden cross’s action.

Therefore, considering the reduction and oscillators, we can assume that the bearish pressure will continue.

Technical levels: support - 1.1380 / 90; resistance - 1.1460.

Trading recommendations:

1. Buy - 1.1400; SL - 1.1380; TP1 - 1.1460; TP2 - 1.1530;

2. Sell - 1.1370; SL - 1.1390; TP1 - 1.1300; TP2 - 1.1250.

Scroll to top