ANALYSIS
NQ100 Finds Support from PPIApr 14
Sales pressure continue in EURUSD
Following the positive impact of Eurozone PMI data on the markets, we observed EURUSD trying to stop its losses. However, Fed members’ statements on monetary tightening and strong performance of dollar continue to increase its effects on the pair. Technically, EURUSD has broken the ascending minor wedge pattern and if it falls below 1.0930, we will follow 1.0900. On the other side, 1.1000 and 1.1035 resistance levels will be on our radar.
