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 remained inside cloud

 Tatiana Norkina, FBS analyst

The major currency pair on Forex keeps trading within the four-hour Ichimoku cloud. By the end of yesterday's trading, the pair's rate was sliding to the 08th figure area, testing the cloud's lower border support. The Tenkan-sen and Kijun-sen lines have responded to this decrease this morning and formed a dead cross. However, the bears should probably not keep their hopes up, since Kijun-sen has immediately gone up, predicting a possible return of big buyers to the market. Therefore, in case the Senkou Span A support stands today, the pair will be once again rising to 1.1000. Otherwise, transition to under the cloud may cuase the pair to tumble at least up to 1.0650.

Technical levels: support – 1.0800, 1.0650; resistance – 1.0880, 1.0940.

Trade recommendations:

1. Buy — 1.0840; SL — 1.0820; TP1 — 1.0880; TP2 — 1.0940.

Scroll to top