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 showing weakness

 Tatiana Norkina, FBS analyst

During yesterday's session, EUR/USD was trading within the neutral zone between the four-hour Ichimoku cloud and the Tenkan-sen and Kijun-sen lines that had formed a powerful support in the 1.1160/70 area. The latter, at the same time, have crossed and formed a golden cross that might support the short-term bullish sentiment. However, the hanging over bearish cloud, though with an unusual movement of the upper border, can make the pair go into a long-term downtrend again. Therefore, special attention will be drawn to the 1.1160 level today. In case of a break down, we might see the last week's lows updated. If Kijun-Sen retains the prices though, we will not rule out a leap of the rate upwards by a whole figure.

Technical levels: support – 1.1160, 1.1100; resistance – 1.1210, 1.1280.

Trade recommendations:

1. Sell — 1.1160; SL — 1.1180; TP1 — 1.1060; TP2 — 1.1030;

2. Buy — 1.1180; SL — 1.1160; TP1 — 1.1120; TP2 — 1.1280.

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