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

Tatyana Norkina, FBS

Daily. The currency pair renewed the weekly lows last week, descending to 1.3333. The bearish trend remains strong. Daily Ichimoku confirms the selling pressure: all the lines are headed to the downside. At the same time we see, that the pair is strongly oversold, what may cause a bullish correction.

Chart. Daily EUR/USD

H4. H4 Ichimoku also looks bearish. The pair tested the lower border of the Cloud, but failed to break inside. Tenkan and Kijun lines formed another dead cross, supporting new sales. However, the lines are now lying horizontally. For this reson we see a chance for a short-term flat trading and a retracement into the 1.3400 area.

Chart. H4 EUR/USD

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