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. 21)

By Tatyana Norkina, FBS analyst

Daily. For the third time this year the bulls tested levels above the $1.3700 resistance. It happened in the beginning of past week, on Monday. As a result the bulls used an opportunity to restore the currency pair to the next important level of $1.3780, which stood and made the prices turn in the opposite direction. The situation on the daily timeframe is still ambiguous: the golden cross (C) is active and the Cloud has bearish nature. The pair may decline to Tenkan-sen and Senkou Span A.

Chart. Daily EUR/USD

H4. At H4 the Cloud has a fairly wide range indicating the serious mood of the bulls. However, after forming highs the pair decreased below the short-term support lines, while Tenkan and Kijun formed a dead cross. We are now seeing a corrective decline. The nearest strong support levels are at $1.3700 and $1.3670.


Chart. H4 EUR/USD

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