ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD Performed its Channel Change
The decrease in recession risks in Europe and the recent messages of the European Central Bank (ECB) members regarding the interest rate hike path against high inflation rates support parity. In addition, the retreats in the dollar following yesterday's US CPI data have upward support for major country currencies. Technically, in the EURUSD parity, which changed the channel on the last trading day of the week, a permanent crossing above 1.0340 may pave the way for a climb to 1.0380 resistance. In possible retreats, 1.0200 support can be closely monitored.
