ANALYSIS
NQ100 Finds Support from PPIApr 14
The Rebounds In EURUSD Were Not Permanent
In recent days, we have watched the euro, strengthened by the hawkish messages of influential members of the European Central Bank (ECB), trying to recover. However, with the announcement of the new package of sanctions for Russia by the European Union (EU), natural gas prices are on the rise again, and recession risks remain alive in the region. Technically speaking, the parity, which failed to surpass the 100 EMA in its upward attempts, confirmed the minor bearish trend. Below, if 0.9750 can end with declines, losses may last to 0.9700 support. Above, 0.9865 – 0.9930 strong resistance zone will remain.
