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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 (May 30)

Tatyana Norkina, FBS analyst

Daily. The pair continues to decline. During the last week the currency pair dropped to $1.3600, after settling below the strong level of $1.3650. The Ichimoku indicator still shows the strong bearishness of the market, but feels oversold. Together with support at $1.3600, it can trigger corrective recovery in the near future.

Chart. Daily EUR/USD

H4. At H4 timeframe the Ichimoku indicator is also set negative. Depreciation of the currency pair has only strengthened the bearish setup. Tenkan and Kijun have recently formed another Dead Cross, while Senkou Span A is directed downwards and is expanding the Cloud to the downside. For now all this shows that the market participants want to be on the side of the bears.

Chart. H4 EUR/USD

EUR
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