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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: lower and lower

 Tatiana Norkina, FBS analyst

As expected earlier, having bounced from the 1.0900 figure, the currency pair continued its tumble. Within the past days, the prices have approached the 2003 lows, dropping to the 1.0650 area. The market situation is strictly bearish, which is confirmed by all indicators under consideration.

At the same time, we must not forget about the pair's oversoldness: RSI has been below the 30th mark for several days, and the Chinkou line is in the corresponding zone. The nearest strong support is around the 1.0500 figure, which could be used by the for short-term bulls for corrective recovery.

Technical levels: support – 1.0500; resistance – 1.0740, 1.0780.

Trade recommendations:

1. Sell — 1.0740; SL — 1.0780; TP1 — 1.0650; TP2 — 1.0600.

EUR
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