ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:The Pressure May Intensify in Parity
Increasing recession concerns in Europe continue to be the main factor in the pressure on the pair. As a matter of fact, due to the effects of the energy tension between the West and Russia, natural gas futures in Europe have settled at the level of 200 euros. This puts additional pressure on recession concerns. On the other hand, the statements of the leading Board Members of the FED on tightening weight the EURUSD parity. Technically, the pair, which signals a decrease in the rising wedge formation on the last trading day of the week, may dissolve up to 1.0150 support in the transitions below the 1.0195 level. In the possible upside scenario, 1.0275 then 1.0325 resistances may come to the fore.
