ANALYSIS
NQ100 Finds Support from PPIApr 14
Recovery Movement in EURUSD Has Not Ended
According to the data released by the European Statistical Office (Eurostat), annual industrial production in Europe grew by 4.9% in September, despite the market's expectations of 2.8%, indicating that a recession can be avoided at the end of the third quarter, while we see that the euro has no difficulty in finding buyers. On the other hand, the effect of the dollar's recovery efforts was limited. Technically speaking, the parity appears to be defending the recovery channel. The 1.0360 level above continues to be under close follow-up. If a permanent transition can be achieved above this point, the movement in favor of the euro may last till 1.0485, after 1.0415. In retreats, 1.0220 and 1.0155 supports can be followed.
