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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: the Euro resumed its downtrend

During yesterday's session the Eurodollar finally bounced from the bottom of the Ichimoku cloud and resumed the downtrend. By the end of the day the currency pair rates fell to lows of two weeks, to the figure of 1.1000. Ichimoku indicator’s mood is now completely bearish.

At the same time there is a local overbought market now. It is possible returning of the prices to the Tenkan-sen.

Technical levels: support - 1.1000; resistance – 1.1050.

Trade recommendations:

1. Sell — 1.1050; SL — 1.1070; TP1 — 1.1000; TP2 — 1.0950.

EUR
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