ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD Erased 5-Month Losses
The euro tested its highest level since June 29 against the dollar, with the European Central Bank (ECB) Member Peter Kazimir's report on financial stability, which stated that the increase in interest rates will continue despite the increasing recession risks in Europe. When analyzed technically, if parity, which is seen to carry its rising channel movement to the first trading day of the week, rises above the 1.0515 level with permanent closes, it may pave the way for reaching the 1.0570 resistance. In possible retreats, the psychological 1.0400 support can be followed closely.
