ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:The Pair May Update the 20-year Low
As IHS Markit and S&P Global reported yesterday in Europe; With the decline in PMI data, it was revealed that economic activity lost speed and recession risks continued to be alive. This statement continues to weigh on the euro. On the other hand, the strong outlook of the dollar also puts pressure on the pair. Technically, on the third trading day of the week, the 0.9900 level will be followed closely in the EURUSD parity, where the descending channel movement is preserved. In the permanent transitions below this point, the losses may deepen up to 0.9865 support, followed by the 0.9820 support indicated by the Fibonacci 161.8 percent expansion line. In the upside trials that may be experienced, the psychological resistance of 1.0000 can be followed.
