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.

EUR/USD: euro is on the support

During yesterday’s trading session, the EUR/USD pair consolidated along the four-hour-Tenkan-sen. Due to the market’s settling after strong sales late last week, the short-term traders took their profit. However, the bears’ attitude is obviously getting more long-term as evidenced by the downward dynamic this morning. The main Forex currency pair has decreased its two-week lowest record to 1.1275.

The Ichimoku indicator points at the bearish tendency as well. Tenkan-Sen and Kijun-sen add to the dead cross effect while the Ichimoku cloud extends down. Next strong support testing today is likely to be near 1.1240 / 60; it may get back to Tenkan-sen afterwards.

Technical levels: support – 1.1240 / 60; resistance – 1.1300.

Trading recommendations: off-market.

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