ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD: The Downtrend is Preserved in The Pair
Although the European Central Bank (ECB) Governing Council Member Robert Holzmann stated that it would be appropriate to increase interest rates at least two or three times, the parity tried to recover somewhat, but after the nonfarm payrolls data in the USA exceeded market forecasts on Friday, the US Federal Reserve announced that it would be appropriate. The expectation that the FED will not decelerate in monetary tightening continues to weigh on the parity. In addition, the high course of the US 10-year bond yields strengthens the dollar. Technically speaking, if the 1.0500 level can be broken permanently in the EURUSD parity where the bearish channel is protected, a regression can be observed to 1.0485, then 1.0440 support. In possible upward movements, the 1.0600 resistance level will remain important.
