In Germany, the ZEW Survey – Economic Sentiment was reported at -15.7 in November, badly exceeding estimates of only -7.0. Moreover the ZEW Survey – Current Situation yielded a figure of 5.4 in November, which also missed expectations of 5.8. Finally, in the EMU, the ZEW Survey – Economic Sentiment gave a result of -2.6 in November, relative to -1.4 in October.
Having already breached calculated support at 0.7987, Mataf.net analysts have determined the pair will encounter additional means of support at 0.7972, followed by 0.7955. On the ascension, a prolonged thrust above the 0.8019 mark will initiate corrective resistance at 0.8036 and 0.8051.