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: approaching lows

 Tatiana Norkina, FBS analyst

The currency pair continues declining gradually to the annual lows. Within the past days, we have witnessed a slide into the 1.1150 area, where a powerful support has been formed. The upper limit of the trading range has been the Tenkan-sen line that did not allow the pair to correct above the 12th figure, despite the high market oversoldness.

The four-hour chart remains bearish. Ichimoku cloud is expanding downwards, the dead cross is active. At the same time, oscillators are in divergence with the price chart. The sellers maintaining their positions at the current levels is obvious to allow further currency pair rate decrease.

Technical levels: support – 1.1150; resistance – 1.1180, 1.1200.

Trade recommendations:

1. Sell — 1.1170/80; SL — 1.1210; TP1 — 1.1110; TP2 — 1.1050.

Scroll to top