German Oct industrial output slumped 1% when expected to rise 1.2%

Outcome was below the -0.9% to +2.2% range of 29 forecasts

Industrial production was -4.75% yy in Oct - weakest since July

EUR/USD has bounced 1.0332 to 1.0597 following steep drop from 1.1214

The rebound has alleviated an oversold situation

Peak 20-day Bollingers at 1.0654 is likely limit for the recovery

Trump's big tariff plan could support USD next year nL5N3N40SW