ANALYSIS
NQ100 Finds Support from PPIApr 14
The demand for Euro is still on the rise
Despite the recent inflation concerns of the European Central Bank’s Governing Council Members, the interest rate hike messages continue to add value to the euro. On the other hand, increasing recession risks in the US puts strong pressure on US dollar. Technically, the pair, which is in the recovery path, can rise up to 1.0595 resistance if it breaks 1.0560 level. On the other hand, 1.0480 support will be significant for possible decreases in EURUSD.
