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 disappointed

Brexit vote made a huge blow for financial markets. The single currency fell on Friday losing more than 5 big figures and sliding to 1.0900. As a result, all lines of the ichimoku indicator went down.  

The following bounce to 1.1170 has evened teh situation. The indicator lines turned sideways signalling the upcoming consolidation. However, on Monday the pair once again found itself near the lows, below 1.1000. 

In the near term  EUR/USD will likely trade in the 1.1000-1.1100 area as the market is strongly oversold, and new players are not likely to join. 

Technical levels: support – 1.1000; resistance – 1.1100/50.

Trade recommendations: out of the market.

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