ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:Bearish Movements May Be Seen Again in Parity
In the meeting to be held by the European Central Bank (ECB) on Thursday, we saw that the parity has been picking up for a while, with the expectation that the bank will increase the interest rate despite high inflation after a 10-year. However, with the non-farm employment data announced in the USA on Friday, an increase of 390 thousand people in May, above the market expectations, the US Federal Reserve (Fed) will continue to tighten aggressively are putting pressure on parity. Technically speaking, EURUSD, which indicates a trend continuation with an ascending minor wedge formation, can pull back to 1.0620 support if it can break below 1.0665. In the possible upside scenario that may be experienced in the parity, the resistance of 1.0770 can be watched closely.
