ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD's Recovery Path Continues
It is possible to say that the EURUSD parity continues to remain resistant in the markets where the rate hike of another 75 basis points is almost completely priced just hours before the monetary policy meeting of the US Federal Reserve (FED). In addition, it is seen the fact that the trade balance in Germany, the leading economy of the region, gave a surplus of 3.7 billion euros in September, above expectations, also supported the euro. In addition, according to the data reported by the European Statistical Office (Eurostat) at the beginning of the week, the effect of the easing of the recession risks in the region still continues, with the eurozone economy growing by 2.1% on an annual basis in the 3rd quarter. When analyzed technically, the parity, which is likely to continue the recovery cycle in the pricing behaviors provided above the 0.9820 level, may be able to take the psychological 1.0000 resistance to the agenda if it passes above the 0.9945 level. In possible decreases below 0.9820, a retreat can be observed until 0.9755 support.
