ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD Parity is on Retracement Path
We see that the EURUSD parity is heading toward the retracement path, after the expectations that the US Federal Reserve (FED) will increase interest rates by 75 basis points in its upcoming monetary policy meeting almost completely priced. As a matter of fact, yesterday, the European Central Bank (ECB) President Christine Lagarde pointed to the continuation of the interest rate increase cycle in the face of the inflation rates in the eurozone, which broke a record with 10.7% on an annual basis in October, according to the data of the European Statistical Office (Eurostat). It is obvious that the parity is supported by the reflections of these. In addition, moderate decreases in the dollar also have an impact. When examined technically, the psychological 1.0000 level will be monitored closely in the EURUSD parity, which has completed its retracement movement and started to move upwards in the rising channel formation. If it can be passed above here permanently, 1.0065 resistance may come to the fore. In possible retreats, 0.9880 and 0.9815 supports may be in question.
