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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 recovering after Friday

 Tatiana Norkina, FBS analyst

EUR/USD is showing a positive trend after the Friday's collapse this morning. This growth is obvious to be only connected with profit taking by the short-term traders and the pair's local oversoldness. Indeed, while the Chinkou Span line is in the corresponding zone, we can witness a recovery up until the prices entry into the Tenkan-Kijun channel, in the 1.0800 area. Then the major downtrend is likely to continue. The bears are supported by both the dead cross and the descending Ichimoku cloud.

Technical levels: support – 1.0700; resistance – 1.0800.

Trade recommendations:

1. Sell — 1.0800; SL — 1.0820; TP1 — 1.0740; TP2 — 1.0700.

EUR
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