ANALYSIS
NQ100 Finds Support from PPIApr 14
1.03 Support Will Determine The Buying Pressure In EURUSD
After the headline consumer price index (CPI) broke a record with 10.6% in October in the data announced by the European Statistical Office (Eurostat), the expectations that the European Central Bank (ECB) will maintain its aggressive policy tightening cycle support the euro. At this point, as long as the persistence above the critical 1.0300 level is maintained, the buying pressure that will be in effect may force the parity to reach 1.0445 and then 1.0515. In possible declines below 1.0300, 1.0230 support can be followed.
