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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 heading to parity

 Tatiana Norkina, FBS analyst

Having tested the four-hour Ichimoku cloud lower border resistance and almost reached 1.1000, the rate of the major currency pair on Forex collapsed again yesterday, into the 1.0860 area. Both short-term and long-term trends on the four-hour timeframe have changed dramatically. Thus, the Tenkan and Kijun lines have formed a dead cross, and the Senkou Span A line drastic decline has led to intensifiaction of the Ichimoku cloud bearish character.

However, there is quite a strong support of 1.0840/60 at the current levels that could keep the pair from further tumbling. But a break through these levels would mean the downtrend strengthening.

Technical levels: support – 1.0840/60; resistance – 1.0920.

Trade recommendations:

1. Sell — 1.0920; SL — 1.0940; TP1 — 1.0840; TP2 — 1.0770.

EUR
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