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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.

Euro found support above 1.09

 Tatiana Norkina, FBS analyst

The eurodollar started the new trading week with a decline into the four-hour Tenkan and Kijun lines area. The session low was recorded in the 1.0925 area, then the pair returned to the 1.0960 mark, rebounding from the Tenkan-Sen line support. The bulls are likely to test the Ichimoku cloud lower border resistance in the near future. In case of a break through, we will expect the market recovery up to 1.1100. Otherwise, the downward trend is likely to continue.

Technical levels: support  – 1.0910, 1.0930; resistance – 1.1000.

Trade recommendations:

1. Sell — 1.1000; SL — 1.1020; TP1 — 1.0930; TP2 — 1.0910.

EUR
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