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.

EURUSD keeping under cloud

 Tataiana Norkina, FBS analyst

EURUSD recovered to the four-hour Ichimoku cloud lower border yesterday. However, there is no clear level restraining growth yet. Indeed, in the course of the day, the currency pair rate was getting inside the cloud several times but then again moved into the negative zone. Let us note here that the major trend has changed for the bearish: the cloud is now directed correspondingly.

But slightly below, in the 1.1250 area, the rate's further decline is restrained by the Tenkan and Kijun lines that have even formed, albeit wrong, but a golden cross this morning. Obviously, if this level is held, trading will be carried out within the cloud in the near future. Otherwise, let us expect the market slide to the 11th figure.

Technical levels: support – 1.1250, 1.1100; resistance – 1.1310, 1.1355.

Trade recommendations:

1. Sell — 1.1230; SL — 1.1250; TP1 — 1.1170; TP2 — 1.1100.

2. Buy — 1.1250; SL — 1.1230; TP1 — 1.1310; TP2 — 1.1355.

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