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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: Ichimoku analysis (Feb. 7)

Tatiana Norkina, analyst at FBS

Daily. Last week the pair found support at 1.3500 and recovered from this level to the lower border of the Ichimoku Cloud. Bulls failed to overcome the Senkou Span B resistance (1.3590) from the first attempt. There is a chance to consolidate further at these levels. All in all, the Ichimoku indicator is giving out negative signals: cloud — bearish, the dead cross remains in power (С).

Chart. Daily EUR/USD

H4. On the H4 timeframe the pair has also recovered towards the Ichimoku Cloud (upper boarder). Senkou Span B formed a strong resistance level at the 1.3600 figure and it is likely to limit the bullish pressure in the near term. Early next week the pair is expected to weaken towards Tenkan and Kidjun sen.

 

Chart. H4 EUR/USD

 

EUR
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