ANALYSIS
NQ100 Finds Support from PPIApr 14
Sales gained momentum in EURUSD
The pair had been rising in recent weeks due to the weakness in US index, but ECB’s loose monetary policy signal and declining forecasts for the Eurozone led the pair to sales again. Technically, sales potential will continue as long as the pair stays above the 50-day EMA indicating 1.1670 resistance. Afterwards, we will follow 1.1615 and 1.1570 supports.
Supports: 1.1615 – 1.1570 – 1.1525
Resistances: 1.1670 – 1.1700 – 1.1750
