ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:Parity May Deepen Its Losses With CPI Data
According to the European Statistics Office (Eurostat), while consumer inflation in the Eurozone renewed its peak of 8.9 percent on an annual basis in July, the euro weakened, while a more positive view of a 75 basis point interest rate increase in the minutes of the FOMC meeting yesterday, keeping the dollar outlook strong and giving weight to the parity. Technically speaking, in the EURUSD parity, where the pressure will continue as long as 1.0210, which is indicated by the 50-period weighted moving average, is defended, the pressure on it will continue, if it can be passed below 1.0125, the resolutions may deepen until the 1.0085 support. On a possible crossover above 50 WMA, resistance 1.0260 can be observed.
