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: bears stopped at 1.0500

 Tatiana Norkina, FBS analyst

The 1.0500 figure has suspended the currency pair rate decline. For the past few days, consolidation above this level has been going on on the market, but the four-hour Ichimoku indicator is still showing the sellers' superiority. Indeed, the Tenkan and Kijun lines are keeping the dead cross relevant, while the Ichimoku cloud is expanding downwards. Therefore, the pair is very likely to continue its decline, after another testing of the Tenkan-sen line levels.

Technical levels: support – 1.0500; resistance – 1.0570, 1.0600.

Trade recommendations:

1. Sell — 1.0570; SL — 1.0600; TP1 — 1.0500; TP2 — 1.0450.

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