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 under pressure again

 Tatiana Norkina, FBS analyst

EURUSD seems to have finally consolidated in the negative area on the four-hour timeframe. Friday's decrease to the lows, after testing of the cloud's lower border levels, triggered a formation of the dead cross by the Tenkan and Kijun lines. The cloud's range has narrowed significantly as well, the cloud itself still being positive. We expect a correctional recovery into the 1.0840 area in the near future, but then the bears are most likely to intensify the pressure.

Technical levels: support – 1.0780; resistance – 1.0840/50.

Trade recommendations:

1. Sell — 1.0840; SL — 1.0860; TP1 — 1.0780; TP2 — 1.0730.

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