ANALYSIS
NQ100 Finds Support from PPIApr 14
Purchases lost momentum in EURUSD
We have been watching purchases in response in the pair, yet statement by ECB members that inflation will be temporary and signaling loose monetary policy limited the bullish moves. Technically, we will closely observe 1.1675 resistance for further raises in the pair. In upward movements, Fibonacci retracement of 50 percent indicating 1.1720 will be tested. On the other side, 1.1640 level will be on our radar.
