ANALYSIS
NQ100 Finds Support from PPIApr 14
The Pressure May Continue in EURUSD
The contraction in Germany's industrial production in June and the decline in Eurozone consumer sentiment in August are putting pressure on the euro. In addition, the recession concerns in Europe continue to weigh on parity. In addition, as the non-farm employment data in the USA exceeded expectations, the FED's more positive view of a tightening of 75 basis points strengthens the outlook of the dollar. Under this outlook, the parity maintains its intermediate downward trend; On their persistence below 1.0245, their losses are likely to deepen to 1.0135 then 1.0085 support. In a possible transition above 1.0245, the gain can be observed up to 1.0290 resistance.
