ANALYSIS
NQ100 Finds Support from PPIApr 14
The Pressure May Continue in EURUSD
The energy tension between the West and Russia continues to put pressure on the euro by supporting the increasing recession risks in Europe. In addition, the survey conducted by the European Central Bank (ECB) revealed that Eurozone consumers are preparing for recession and inflation. In addition to these, the hawkish statements from the FED side also have an impact on the parity. In this context, in the EURUSD parity, where selling pressure will be maintained as long as the 1.0260 level indicated by the major trend is maintained, if it can be passed below 1.0150 with permanent closes, the pressure may continue until the 1.0095 support. In the crossing above the possible 1.0260, psychological resistance of 1.0300 may enter the radar of market players.
