ANALYSIS
NQ100 Finds Support from PPIApr 14
Purchases in EURUSD halted
The new member of the Federal Reserve’s Board of Governors, Christopher Waller, stated that the Fed would have to act faster if inflation remains high. As a result we observed purchases are limited in the currency pair. Technically, we will closely follow the 50-period exponential moving average indicating 1.1680 level. If movements continue below this EMA, we will follow 1.1615 and 1.1570 support levels. On the other side, 1.1725 and 1.1755 resistance levels might be targeted above.
