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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 might update lows

 Tatiana Norkina, FBS analyst

EUR/USD corrected to the four-hour Ichimoku cloud lower border yesterday. As expected, the growth was induced by the pair's oversoldness. Let us note that the bulls have only managed to test the Senkou Span A levels. This morning, we are already observing the negative dynamics in the market. The prices' dive below the Tenkan and Kijun lines support is obvious to attract more sellers to the market. In this case, we might as well witness new lows.

Technical levels: support – 1.0600, 1.0560; resistance – 1.0640.

Trade recommendations:

1. Sell — 1.0610/20; SL — 1.0640; TP1 — 1.0560; TP2 — 1.0500.

EUR
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