ANALYSIS
NQ100 Finds Support from PPIApr 14
0.9785 Level Will Be Followed Closely in EURUSD
We have seen some recovery efforts in the euro with the effect of the recent hawkish statements from some of the leading Board Members of the European Central Bank (ECB). However, the fact that the recession risks in Europe remain alive continues to be the main scenario for the euro. On the other hand, it seems out of the main scenario for the euro to enter a meaningful recovery path as the dollar leads safe-haven purchases. Technically speaking, in the EURUSD parity, which continues to be priced in the descending channel, as long as the 0.9785 level is not exceeded, the risk of the retreat will continue, and the 0.9630 level, which will be the lowest in approximately 2 weeks, may come to the agenda, after the 0.9675 level. 0.9840 resistance can be followed in the possible transition above 0.9785.
