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 (Mar. 7)

Tatiana Norkina, FBS analyst

Daily. EUR/USD prospects improved this week. Despite a pretty pessimistic beginning of the week, the pair remained in the positive zone, using Tenkan as a support. As a result, EUR rose to $1.3870 — new yearly high, very close to the 2013 top. Ichimoku cloud has become bigger, contributing to positive market sentiment towards the single currency. 

Chart. Daily EUR/USD

H4. The pair rose above the H4 Cloud and used Senkou Span A as a support. Bears showed weakness as they failed to extend correction into the Cloud. As a result, bulls returned to the market, resuming an uptrend. Positive sentiment persists, but the Chinkou line will soon come into the overbought territory. Next week we concede a corrective decline to Tenkan-sen.

Chart. H4 EUR/USD

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