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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 (12/09)

 Tatyana Norkina, FBS analyst

Daily. Last week the currency pair consolidated above the strong 1.2890 level. The market is strongly oversold these days, so bulls may recover in the area of the Tenkan line. At the same time, Ichimoku remains bearish. 

Chart. Daily EUR/USD

H4. The sideways range we've seen last week is clearly assotiated with the indicator's lines on the H4. At the same time, Tenkan and Kijun formed a golden cross. If the bears manage to fix above this cross, the market will recover to 1.3000. 

Chart. H4 EUR/USD

EUR
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