ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:The Parity Unable to Relieve the Pressure
We saw that the parity gained some value with the moderate softening of the dollar in global markets. However, the recession risks in Europe continue to weigh on the euro. In addition, the continuation of the natural gas shortage between the West and Russia, and the record levels of natural gas prices in Europe also have an impact. In addition, we see that the euro continues to be under pressure, as the manufacturing purchasing managers index PMI data for the Euro Area indicates a contraction in the sector. From this point of view, the psychological 1.0200 level is in a critical position in the EURUSD parity, which signals downward movements. If it can be passed below this point permanently, 1.0165 support can be followed. In possible upward movements, the 1.0300 resistance level will be closely watched by market actors.
