ANALYSIS
NQ100 Finds Support from PPIApr 14
Pressure May Increase in EURUSD
Recession concerns in Europe continue to rise day by day. It is seen that the energy crisis caused by the sanction duel between the West and Russia and the government problems in Italy put additional pressure on the recession risks. The world-renowned news agency Bloomberg emphasized that the recession risks for the Euro Zone have increased by more than 50 percent. As a result of this, pressure is observed on the euro. On the other hand, despite the falling inflation in the USA from the peak of 41 years, the dollar weights the currencies of developed countries with the messages of some FED Board Members about tightening. From this point of view, EURUSD parity, which gave a bearish signal in the fourth wave below the Fibonacci 78.6 percent fan line, can decline to 1.0100 support if it can break below the 1.0155 level. In the upside scenario, 1.0260 followed by the psychological 1.0300 resistances can be followed closely.
