ANALYSIS
NQ100 Finds Support from PPIApr 14
The Recovery In EURUSD Was Not Permanent
Today, we saw that the euro recovered a bit 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 have reached their highest level since April 2010 with %4.015. From this point of view, the 0.9540 level will be at our close watch in EURUSD parity, which continues to defend its minor descending channel movement below the 30-period weighted moving average on the third trading day of the week. In stretches below this point, 0.9500 support, which will be the lowest level to be seen since June 2002, can be followed. 0.9645 resistance may come to the fore in possible upward attempts.
