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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.

EUR/USD: euro creates new minima

During the yesterday's trading session EUR/USD has continued its fall and has created new local minima for the last two months. Bears have lowered the rate of the base Forex currency pair to the area 1.1140 where on a day timeframe the Ichimoku cloud lower boundary has created strong support.

On a four-hour timeframe the descending tendency has remained. The Ichimoku cloud has strongly extended down; the Tenkan-sen and Kijun-sen lines have created a new dead cross.

In the closest time it is possible to expect a rebound of the prices to the Tenkan line, then downtrend can be continued to the mark 1.1080.

Technical levels: support – 1.1140, 1.1080; resistance – 1.1180.

Trading recommendations:

1. Sell — 1.1180; SL — 1.1200; TP1 — 1.1100; TP2 — 1.1080.

EUR
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