ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:1.0470 Will Continue To Be a Reference in Parity Pricing
Euro-denominated assets are supported in Germany by the belief that the European Central Bank (ECB) will keep its tightening course as the consumer price index (CPI) maintained its high outlook with a June reading of 7.6 percent. ECB Member of the Board of Directors Simkus gave the signals of a 50 basis point increase in interest rates at the July meeting. Technically, as long as the 1.0470 level is defended as a support, in the EURUSD parity, where its buyers are likely to be maintained, if the 1.0560 level can be crossed with pressure, 1.0600 resistance may come to the fore. In the transition below the possible 1.0470 level, 1.0430 can be followed by the psychological 1.0400 support.
