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 analyst

Daily. The pair stayed under a strong bearish pressure last week. Bulls attempted to regain some ground, but didn't succeed much. Break below the important 1.3100 support let the pair to the 1.2900 figure, extending the bearish trend. Daily Ichimoku remains strongly bearish. Next meaningful support lies at 1.2890.

Chart. Daily EUR/USD

H4. Bearish trend on the H4 chart persists. Short-lived consolidation below the Tenkan and Kijun lines confirmed buyers' weakness. Ath the same tgime, the market needs to have a rest before resuming the upside. Oversold market conditions will likely trigger some consolidations above the recent lows. 

Chart. H4 EUR/USD

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