ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD is likely to decline more
In addition to the expectations that Fed will be more aggressive in rate hike cycle, ECB’s cautious monetary stance leads to sales pressure in the currency pair. Technically, we observed a breakout at the lower line of the ascending wedge pattern and then, it indicated further bearish moves by re-testing. Hence, we will follow 1.0925 and 1.0900 support levels in EURUSD. On the other side, possible reaction purchases may hit 1.1000 resistance level.
