215
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.

Euro getting weaker

 Tatiana Norkina, FBS analyst

The single European currency keeps losing strength against the American. During yesterday's trading session, the EUR/USD currency pair rate slid into the area of yet another figure - 1.0900, where it found support for now.

The Ichimoku indicator on the four-hour timeframe is strictly bearish now: the cloud is expanding more and more downwards, and the Tenkan and Kijun lines formed a new dead cross yesterday, which proves the bearish sentiment presence on the market.

This morning, trades are carried out with a moderate bullish interest due to the pair's oversoldness. Further decline, after testing of the Tenkan-sen line levels, is obvious to take place.

Technical levels: support – 1.0900, 1.0850; resistance – 1.0950.

Trade recommendations:

1. Sell — 1.0950; SL — 1.0970; TP1 — 1.0900; TP2 — 1.0850.

EUR
Scroll to top