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: what does Ichimoku tell?

Tatyana Norkina, FBS

Daily. The pair found support at the 1.3500 figure and started a corrective rebound, rising into the 1.3650 area by the end of the week. The Kijun-sen line limited the bullish attack. Market is seen trading in the Tenkan-Kijun channel, but the bearish trend remains active. The dead cross and the widening cloud will raise the bearish sentiment among the traders.

Chart. Daily EUR/USD

H4. The pair broke above the Ichimoku Cloud and is trying to fix in the positive area these days. Corrective growth could extend into the 1.3700 area. Otherwise one should prepare for a long-term consolidation that will start with a depreciation to 1.3550.

Chart. H4 EUR/USD

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