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.

Gapdown again

 Tatiana Norkina, FBS analyst

Increased volatility is observed in currency markets this morning. Thus, the Eurodollar has again opened a new trading week with a gapdown, going below the 1.1000 figure right away. However, during the Asian session, the currency pair rate has returned to the Friday's closing levels, into the 1.1080 area.

At the same time, the four-hour situation is still not favoring the pair's purchases: the dead cross and the bearish cloud are obvious to restarain all possible attacks of the bulls for quite a long time.

Technical levels: support – 1.0970/1.1000; resistance – 1.1080, 1.1100.

Trade recommendations:

1. Sell — 1.1100; SL — 1.1120; TP1 — 1.1000; TP2 — 1.0950.

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