ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD Preparing to Erase 2 Months' Losses
We see that the euro finds demand against the dollar, which fell after the nonfarm payrolls (NFP) data in the USA. On the other hand, it is evident that the European Central Bank (ECB) Board Members' continuing their hawkish statements against the peak inflation rates recently paved the way for the rises in parity. As a matter of fact, ECB President Christine Lagarde stated that they will not allow high inflation to be fueled and that they will take additional measures if necessary. Technically speaking, in the EURUSD parity, which is seen to be defending the rising channel movement, if it can be surpassed permanently above the 1.0045 level, the 1.0095 resistance, which will be the highest level since September 13, can be caught on our radar. In possible retreats, 0.9940 and then 0.9880 supports can be followed.
