• EUR/USD remains resilient, despite EZ data showing a benign outlook

• German Q3 GDP Y/Y -0.3% vs -0.7% f/c. State CPI disinflation persists

• ECB market pricing shows increasing easing bets for 2024 (-81bps)

• Euro upside remains limited as yield spreads point to lower levels

• EUR/USD would need softer US data to alleviate downside pressure

• Prior support, now resistance at 1.0635 and 55DMA (1.0674)

• Support situated at 1.05 and 1.0448 (Oct low)

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