ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:The Pair Completed the Correction Movement
According to the European Statistical Office (Eurostat), the growth rate of the European region, which exceeded market expectations at 5.1 percent on an annual basis in the preliminary reading for the 1st quarter, triggered a reaction against the euro and the parity completed its correction by reaching the highest level in a week. Known as a representative of the hawkish wing of the Federal Open Market Committee (FOMC), St. However, we see that the dollar has come under pressure again as Louis Fed President James Bullard argues that there is a case for a 50 basis point rate hike in the upcoming meetings. Technically, we will keep an eye on the 1.0445 and 1.0400 supports as the parity protecting the second wave of the downside with the strong resistance of the 100 period simple moving average (MA) falls below the 1.0485 support. If it is above 100 MA, the area of 1.0575 - 1.0620 will be observed as a stabilization zone.
