ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:The Decline in the Parity Ended in All 3 Waves
We are watching the strong reaction to the euro after the President of the European Central Bank (ECB) Christine Lagarde pointed out that it is very likely that the Bank will raise its deposit interest rate above the negative zone by the end of the third quarter. However, the pair can also recover its losses to the level of 1.0710 followed by 1.0760 with reactions that will be consolidated if Fibonacci, which it broke as a determinant of the third wave decline, can maintain above the 61.8 percent fan line. In case of possible retracements of the pair, the supports of 1.0625 and 1.0580 will be followed.
