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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: weekly Ichimoku analysis

Daily. During the past week the pair has settled above $1.3600 and started showing signs of recovery. On the daily chart the bulls broke up resistance provided by Kijun-sen and found themselves in the range between the short-term lines of the indicator and the Ichimoku Cloud. However, further growth can be very difficult, as there are many intermediate resistance levels around $1.3650. If euro manages to get past these obstacles, it would probably be able to test the boundary of the Cloud as early as at the beginning of July.


Chart. Daily EUR/USD

H4. On H4 the bullish trend continued after yesterday’s rebound from the Cloud. Indeed, the necessary corrective decline to the $1.3590 support area was carried out. Ichimoku indicator looks quite positive, but the lines are now directed horizontally. This may indicate a high probability of further consolidation at the current levels with a little updating of the last week’s highs.

 

Chart. H4 EUR/USD

EUR
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