ANALYSIS
NQ100 Finds Support from PPIApr 14
100 EMA Will Be Decisive in EURUSD
The euro has recovered somewhat as a result of more tightening messages from European Central Bank (ECB) officials against high inflation and Europe's relatively declining natural gas prices. The dollar, which gained strength after the Fed did not rule out another 75 basis points of aggressive tightening at its September monetary policy meeting, remains a drag on developed-country currencies. As long as the 1.0070 level, which is pointed by the 100-period exponential moving average is defended as resistance, if the EURUSD can be moved behind 0.9960, it can continue to the support of 0.9900 and then 0.9840. If crossing above the possible 100 EMA, 1.0130 resistance may be come to the fore.
