ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD Has Started the Retracement Movement
The slight easing of the recession risks in Europe and the recent messages of the European Central Bank (ECB) members against inflation rates supported the parity. However, Richmond FED Chairman Thomas Barkin's hawkish statements that they will do whatever it takes to reduce inflation to the 2% target and that they will not wait for things to improve in their own course, caused the parity to retreat. In addition, the CPI data to be announced in the USA has an impact here. When examined technically, EURUSD parity, which is seen to have completed the wedge formation, can be expected to take 0.9885 support on the agenda if it falls below the 0.9930 level permanently. Above, 1.0025 resistance can be followed closely.
