ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:The Level 1.0200 Will Be Decisive in Parity
According to the results of the Business and Consumer Survey announced by the European Commission today; The economic outlook index in the Euro Zone fell below the threshold value of 100 after 1.5 years. In the survey, consumer confidence decreased to minus 27, while service sector confidence dropped to 10.7 and industry sector confidence to 3.5 points. It can be seen as a reflection of the region's inflationary environment and Russia's energy issues, and it added to worries about an impending economic recession. From this point of view, closings below 1.0200 of the parity, which returned yesterday's gains, rose to critical importance again. As long as 1.0200 is not exceeded permanently, the pair will have the potential to decline to the level of 1.0050, which was last seen on July 15, behind 1.0105, with the selling pressure that will be in effect.
