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: consolidation under cloud

 Tatiana Norkina, FBS analyst

Taking hold above 1.0500, the currency pair is slowly trying to recover. Yesterday, the prices grew to the 1.0600 mark, breaking the resistance of the four-hour Tenkan-Sen and Kijun-sen lines. This can be a good starting point for the bulls to grow to the Ichimoku cloud lower border, in case of consolidation at the current levels.

However, if 1.0570 does not stand under the bears pressure, we will expect the rate decline to the lows of the week beginning.

Technical levels: support – 1.0570; resistance – 1.0600, 1.0635, 1.0700.

Trade recommendations:

1. Sell — 1.0560; SL — 1.0580; TP1 — 1.0500; TP2 — 1.0450,

2. Buy — 1.0570; SL — 1.0550; TP1 — 1.0635; TP2 — 1.0700.


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