Global macro overview for 10/11/2015:
Yesterday's Sentix data on the investors' confidence revealed the eurozone's economy might be "back on the track". Today's update on industrial production in France might support this view. The figures released this morning came out in line with the market consensus (0.1% m/m vs. 0.1% m/m), but more importantly, the year-over-year trend is on track to remain positive, advancing to the level of 1.8% year-on-year.
The EUR/USD pair is trading inside the congestion zone between the support at the level of 1.0708 and resistance at the level of 1.0808. The trend remains bearish.