ANALYSIS
NQ100 Finds Support from PPIApr 14
Weight is Maintained in EURUSD
The dollar, which was strengthened after the consumer price index announced last Friday in the Euro Zone renewing its record with 9.1 percent on an annual basis in August and with the expectations that the US Federal Reserve (FED) may go through an aggressive further tightening of 75 basis points, just days before the critical September meeting, is the main scenario of the pressure on the euro. When technically examined, the EURUSD parity, which continues its descending trend at the lower boundary line of the minor channel movement, may decline to 0.9865 support, which will be the lowest of approximately 2 weeks, in its permanent transition below 0.9920 level. In possible upward trials, 1.0025 will be followed.
