ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:1.0785 Level Will Be Decisive in Parity
With the predictions that the European Central Bank (ECB) will give a tightening signal at the monetary policy meeting to be held tomorrow, the recovery in euro-denominated assets remains limited. In addition, industrial production in Germany was announced by 0.7 percent in April, below the market expectations, which also had an impact. Technically speaking, as long as the 1.0785 level does not end, the downside outlook will be preserved in parity, and within the break of the 1.0695 support, a loss up to 1.0650 can be observed. In case of possible crossover above 1.0785, 1.0820 resistance may reach the target position.
