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: the downtrend’s continuation

The Eurodollar stayed under an Ichimoku cloud by the last trading session. The Bulls tested again the resistance of the lower boundary of the cloud, but on their path was a horizontal Kijun-sen. Therefore the downward trend was continued.

On the four-hour time frame have remained the bearish sentiment. There is still valid the dead cross, the cloud have a descending character. We expect further depreciation of the currency pair.

Technical levels: support - 1.1020; resistance – 1.1070, 1.1100.

Trade recommendations:

1. Sell — 1.1070; SL — 1.10900; TP1 — 1.1000; TP2 — 1.0950.

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