ANALYSIS
NQ100 Finds Support from PPIApr 14
The Reactions May Not Be Permanent in EURUSD
In the last few days, we have seen that the euro has recovered somewhat with the statements regarding the interest rate hike from the important members of the European Central Bank (ECB). However, the strong dollar continues to weigh heavily on the euro. As a matter of fact, 10-year treasury yields maintain their high outlook in the %3.85 band. Looking at the technical outlook, unless the 0.9760 level is permanently exceeded in the parity, which continues to defend the descending channel, the pressure on it is likely to be maintained. Under this view, in the transition below 0.9645, the regression path may extend to 0.9600 support. With the possible break of 0.9760, 0.9800 resistance can be followed.
