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 Bears are cautious

During yesterday's session the major pair of Forex updated the three-week lows. The prices dropped out to 1.0980, but the Bears are cautious, because there is a strong support on the 1.1000 figure.

The current downward trend is still valid: the Ichimoku cloud extends downward and there is a dead cross. At the end of the correction we expect the downtrends continuation.

Technical levels: support - 1.1000; resistance – 1.1050.

Trade recommendations:

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

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