Eurozone investor confidence rises in December
The Eurozone Sentix Investor Confidence Index improved significantly to -6.2 in December, compared to -7.4 in November.
Similarly, the Current Situation sub-index also rose to -16.5 in December, from -17.5 in November.
The Expectations gauge jumped sharply to 4.8 in December, up from 3.3 in November, reflecting stronger optimism among investors about the Eurozone’s economic outlook.
EUR/USD remains steady around 1.1660 at the time of writing, despite the upbeat sentiment data from the Eurozone. Traders are cautious as they await the upcoming Federal Reserve decision later this week, with the President of the United States expected to face questions on monetary policy direction.
The table below shows the percentage change of Euro (EUR) against major currencies today. The Euro was strongest against the British Pound.
The Euro has been on a bullish trend since mid-November, supported mainly by the generalized weakness of the United States Dollar. Investors are almost fully pricing in a 25 basis point rate cut by the Federal Reserve on Wednesday, with further easing expected in 2026.
Meanwhile, hawkish comments from ECB board member Isabel Schnabel and stronger-than-expected German Industrial Production data (+1.8% in October) have reinforced confidence in the Eurozone economy.
Earlier in the day, Chinese export data showed a 5.9% increase in November, boosting global sentiment and adding pressure on the safe-haven United States Dollar.
EUR/USD’s immediate trend remains bullish, supported by the ascending trendline from November 20 lows. Resistance is seen at 1.1680, with potential upside targets at 1.1730 and 1.1778. On the downside, support lies at 1.1640 and deeper at 1.1590–1.1550.