Eurozone investor confidence weakened in October as uncertainties about Italy's fiscal policy and the automobile industry in Germany weigh.
Italian 10-year bond yield rising to 3.5% for the first time since 2014, exerting some downward pressure on the EUR.
Momentum studies are . Stochs and are sharply lower and is showing a crossover on signal line.
Break below 110-EMA at 130.08 to see next major support at 128.87 (50% Fib). Retrace above 200-DMA negates bias.
Good to stay short on upticks, SL: 130.95, TP: 129.90/ 129/ 128.90