ANALYSIS
NQ100 Finds Support from PPIApr 14
1.1600 will be decisive in EURUSD
Consumer inflation in Europe, which hit 4.1 percent, the highest level of the last 29 years, continues to affect euro’s value. On the other side, US dollar’s stance has an impact on the pair. As a result, the pair declined sharply and put an end to the minor descending trend and if it stays below 1.1600, the pair will possibly deepen to 1.1540, 1.1510 and 1.1480 support levels. In case, it exceeds 1.1600, 1.1635 resistance level will be on our radar.
