ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:30 Ema Will be Decisive in Parity
Yesterday, the US Federal Reserve's (FED) aggressive interest rate hike by 75 basis points for the first time since 1994 put strong pressure in parity. The US 10-year bond yields settled around 3.40 percent, with the bank expressing that it could tighten further if necessary, weakening the euro against the dollar. In this context, unless the 1.0490 level indicated by the 30-period exponential moving average is exceeded, the EURUSD, which will give bearish signals, leaves the 1.0380 support behind, and the losses may continue until 1.0345. Crossing above the possible 30 EMA will follow the resistance of 1.0535.
