Investor confidence in the Eurozone as measured by Sentix fell to the lowest level since April 2013. The index for October fell to -16.8 comparing to -11.1 in September. The declines come amid fears of a recession despite the ECB measures in relaunching stimulus program. The assessment of the current situation fell to a five-year low of -15.5 comparing to -9.5 a month ago.
EUR/USD Holds Steady Above Support
The currency pair was seen holding steady after clearing the support area of 1.0944 last week. Price action opened briefly higher but intraday selling saw prices retreating lower. EURUSD remains somewhat subdued. But given that the support level has been cleared, the bias is to the upside for a test of 1.1033.
