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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 kept inside cloud

 Tatiana Norkina, FBS analyst

As expected, EUR/USD bounced off the cloud's upper border resistance at 1.3440-1.3460 and, as a result, remained within the four-hour Ichimoku cloud. The short-term upward trend is yet maintained since the golden cross is still in action. However, we consider the bulls' inability to break the Tenkan-sen line up as a sign of weakness. Consequently, this will be a good chance for sales with immediate goals up to the lower border levels.

Technical levels: support – 1.1250; resistance – 1.1300.

Trade recommendations:

1. Sell — 1.1300; SL — 1.1320; TP1 — 1.1220; TP2 — 1.1170.

EUR
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